Authors:
José Alberto López Rafaschieri and Luis Alberto López Rafaschieri
www.morochos.net
On Thursday, May 28, 2009, at the meeting of the Organization of Petroleum Exporting Countries, the group decided by consensus not to cut production, confident that it is no longer necessary because the global demand for crude is recovering.
From the Secretary General of the organization (Abdalla Salem El-Badri) to the representatives of Venezuela, Iran and Libya, have expressed satisfaction with current production levels and expect a gradual increase in oil prices, based mainly on the fact that orders from the United States, and the world's most industrialized nations, are beginning to overcome.
Paradoxically, while the government of Venezuela and OPEC are in Vienna with their faith placed in the recovery of the economies of the capitalist world, in order to continue selling oil at high prices and to maintain current production levels, Chavez made a forum in Venezuela called “World Meeting of Intellectuals against capitalism's global crisis,” an event where the Latin American Left's more fundamentalist side declared the end of the same model in which OPEC, including Venezuela, has placed its hopes.
In other words, while Chavez says to Venezuelans that capitalism's world crisis has no cure and that we must replace this model by Cuban style socialism, the 12 governments that make up OPEC recently decided not to cut production and predicted another sharp rise in oil prices based on the strengthening of the capitalist economy.
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