For Chavez, far away has been the time of bonanza in which its oil exceeded the US $100 (in the month of July this year reached its maximum price of USD 129,54). Today, per barrel of Venezuelan oil is paid only US $ 35 (little more than a quarter that was paid to its maximum level). As I commented in an article in the month of October, Venezuela had approved a budget for 2009 with an estimated price of a barrel of oil of US $60, that although at that time it might be reasonable (and even low), it is currently a very superior value to the country which obtained by its black gold. With the price of oil, the wallet of Chavez is not so fat and is why the mandatary must care expenses to not enter in crisis. But that is what at the moment is not willing to do. Last week, the Venezuelan site El Carabobeno, published a note about the nationalizations decided by Chavez in 2008 that are still pending of concretion and that for the health of the finance public of Venezuela, would be suitable to be kept in such a situation.
But Chavez is not willing to evaluate the alternative which would avoid that Venezuela had to perform deliveries by a value of between $4,000 and $5,000 million in case translated. Chavez pointed out: these processes (of nationalization) go ahead each at its own pace. In another website Venezuelan, the impulse, reproduced an interview with former Minister of energy and mines, Humberto Calderon Berti who affirmed that Venezuela have not started to see the depths of the economic crisis generated by the fall in the oil price. The argument that waged is that oil sales is paid to ninety days, and is why current income by the same are in terms of the price of a barrel in the month of September with a far superior to the current level.