November 19, 2007 There is no reason why OPEC should allow Rafael Correa's return to OPEC: he has no interest in supporting the oil cartel's organizational structures, as was made abundantly clear as he cheered on Hugo Chavez's demands that OPEC convert itself from a non political oil band to a political monopoly, supposedly to "help the poor." If OPEC leaders fall for this ploy, which Latins and many in the USA have fallen for....like ignorant patsies because Chavez's help for the "poor" is only spotty and always political, then the Saudis are really stupid. But the Saudis are a calculating lot and consider that Hugo Chavez and his Mini Me on a Moped, Correa, are fools with oil. The Saudis have never wanted to be seen as fools with oil and recoil from such clowns.
 
Correa claims he will repay his debt to OPEC in three installments now. Many report that Chavez himself is paying this. OPEC should investigate these claims and of course insist that Ecuador, busily stiffing private oil companies, disclose total forensic audits on Petroecuador, its capacity to pay which should be one lump payment up front because Ecuador stiffs a lot of payments- OPEC itself for example, and finally conclude that Correa's Ecuador is not worthy nor honest enough to join the boys' club called OPEC, regardless of Iran's support. In fact, the two nations supporting Correa are Iran and Venezuela...hardly mavens of marvel.
 
The key to understanding the Iranian -Venezuelan-Ecuadorean position before OPEC...and the world is seen here, like Argentina, brilliantly noted today by Mary Anastasia O'Grady as a deadbeat country, stiffing any and all they can, in the WALL STREET JOURNAL, read it here: 

    "The economy is an accident waiting to happen, and no outsider can prevent it from hitting the shoals as long as price controls, manipulated inflation data, high taxes, subsidies for energy and transportation, and fiscal profligacy are the policy tools of choice in Buenos Aires. As we saw in 2001, the [IMF] fund has no power to influence a political class obsessed with its own power. High-risk premiums, and not a new line of credit from the IMF, are far more likely to guide Mrs. Kirchner toward more rational behavior. The government needs to raise $7 billion in the capital markets next year and an estimated $10 billion in 2009. Meanwhile, the flight to quality since the subprime debacle has pushed up Argentine borrowing costs. In a 10-year dollar-denominated domestic bond offering issued last week, it had to pay 10.5%. By comparison, Brazilian 10-year bonds yield 5.6%. In other words, Argentina's creditors are demanding almost five percentage points over Brazil to cover the risks of the unsustainable economic agenda of a government that thumbs its nose at property rights, contract security and free prices. The $22 billion of bonds held by the private-sector and still in default don't help either. Peronists still insist that market economics are part of a right-wing "neo-liberal" plot. In other words, they have a lot to learn. The international community can help by letting them learn it on their own."
 
This same analysis can be practically delivered word for word about Ecuador and Venezuela, constantly defending their fraud and rackets these days. Ecuador's grand theft is even worse and quality of life conditions are at their lowest level since...the dictatorships so highly prized by the Kennedy era foolishness called "Alliance for Progress" which wrongly assumed that military dictators in Latin America were more reasonable than communist thugs. This fallacy was soon exposed and twenty years of horrific debacles ensued, supposedly backed by the democrats of the USA to guarantee the anti Castro movements and which failed miserably. But, as the political attaché from the U.S. Embassy reported here in HOY tells us, U.S. and Ecuador have never been closer. That means that the USA has never been closer to Chavez and Iran and Cuba, which are all joined at the hip and joined in an open, unaccountable wallet which feeds more and more lies.

Why this departing, supposedly for the Millennium Challenge program official of the USG wants to tell us that as an embassy official, there is great affection for Correa who steals from Americans, steals from international companies and steals from his own people while combing his nation with Iran, Cuba and Venezuela is beyond our comprehension. It is so wildly absurd that one can question just who these so called embassy folks work for and what their allegiance looks like. For freedom lovers in the Andes, who have received nothing but this kind of dribble and tom foolery, there is no doubt as to why they feel the cold wind of Chavez's deception blowing in their face from these US embassy "officials" as the face of the U.S. government. Ridiculously, Ecuadoreans fail to uncover the facts and grasp the concept that these idiots at the U.S. embassy neither speak in full for the U.S. government nor are they representative of the non-Chavez political club, bought and sold as it is. And their own research fails to reveal that even though Soros's paid minions are crawling through most U.S. embassies today in Latin America, Chavez and Soros's alliances only hold affection in the USA with about 40 to 50% of all Americans, bought and paid for and happily profiteering from their own politics of hatred, also called the politics of deception rackets. But Ecuadoreans refuse to get up and make seminal due diligence themselves and accept this line of bull hooey from the U.S. embassy.
 
This is the face of your Correa-Chavez-Iran leadership, which....the U.S. embassy fellow wants to tell you is better than ever:


This is good? This is what you want running your nation? This is an ally of the USA? We think not.
 
We say this because anyone with a brain knows that Chavez and Ahmadinejad are full partners with Correa in Ecuador.  And they want to cause harm to the USA- and its currency/economic stability- and the entirety of what is known as western civilization. To ignore this and skip over the facts is...aberrant. Friends like these are no friends at all and the sooner that folks stand up to the now departing....and none too soon...goof ball from the U.S. embassy and demand an apology for his false claims about the wonderfulness of life under Correa, Chavez and Ahmadinejad and demand the truth...is when correct approaches can begin. Correct approaches do not include propaganda.
 
Correa incorrectly told the world over the week end that oil prices will top $250 a barrel if Iran is attacked by the USA. Read Bloomberg's here, and other accounts of Correa-Chavez-Iranian lies before OPEC in their overt abuse of the facts, especially regarding the value of the U.S. dollar, read the Washington Times' here,  ABC here,  CBS here,  and PetroleumWorld here.

Correa went to the OPEC annual event to lie and give cover to Chavez-Iranian lies that oil's income must serve their communist-self enriching schemes, sometimes called ` serving the poor' but has no factual reality because neither Correa nor Chavez sustainably "help the poor." Correa and Chavez joined Ahmadinejad in denouncing western civilization and by hate filled diatribes- all unfounded- against the USA.
 
Although Cuba and Venezuela have merged [which also now means Cuba-Venezuela-Ecuador and Iran] -read about it here-, Chavez and his pet bag man Correa still call this a "confederation of republics." We call it the axis of criminals who profiteer from drugs, thugs and racketeering. What we do know is that Raul Castro appears to have blessed this unholy marriage which kills on the altar any aspirations for "transition to democracy" which Cubans may hold unless...dramatic and willful steps are taken by the OAS and the UN and all Latin nations who just approved whole heartedly that Castro's Cuba can remain Castro's Cuba for a very long time. This of course means that Chavez now owns and has usurped Cuba. Correa thinks this is a great thing for he is doing the same.
 
This just in from Gustavo, read it here. 



As Chavez deplanes from his Cuban air transport zone, the men on his left and right appear to be pondering the same question we have: who does Chavez's look these days?  And why does he look like a transvestite drag queen in ballet flats? This is your leader? Who dresses this guy? Bad taste in clothing is one thing but crude abuse of power is another.
 
But Castro-Correa-Chavez's dishonesty comes with a price that can lead to death. In Puerto Rico, some are suing over Cuba's fake doctors who have noticeably killed many by their own badly untrained medical doctor hands. The MIAMI HERALD picks up the thread in this tale of Cubans for hire who should never be hired or called doctors. 
 
Castro-Correa-Chavez and Mahmoud sell fake economic schemes, fake democracy, fake swindles on liberty's core values, fake doctors, fake investor rackets and fake price hikes to oil to enhance oil trading speculators, sometimes called Russian mafia money and sometimes called murky hedge funds, fueling offshore oil derivatives and keeps oil prices synthetically high and harm freedom loving nations while laundering money from murky mavens of global terror. They also sell fake diplomacy and fake contracts while they refuse any semblance of rule of law.
 
This is more than caveat emptor: These are menaces on the make and they are not allies and they are not friends. They are not honest and they are not honorable men.
 
Do you know what Correa did in Saudi Arabia? Do you know why OPEC should kick this dishonest regime back out?
 
-Pedro Camargo for ECrisis