Meanwhile, in Venezuela, Medvedev and Chavez play footsie with their war ships. This is in our backyard! Russia and Venezuela are working on a nuclear "energy" deal, and check out what else Chavez wants:
He also wants weapons — Venezuela has bought more than $4 billion in Russian arms, including Sukhoi fighter jets, helicopters and 100,000 Kalashnikov rifles, and more deals for Russian tanks or other weaponry may be discussed after Medvedev arrives Wednesday.What are they doing with all of that firepower? Chavez is sitting on a lot of oil. This is worrisome.
Meanwhile, oil has dropped below $53 dollars a barrel. Great, right? Maybe not. Saudi Arabia isn't the only one who stands to lose as these prices drop. Chavez is one, but so is Russia. They are the second-largest oil producer in the world. And they really, really need money. They are willing to kill for it...witness what happened in Georgia this summer. Russia wants that pipeline and port. Interesting times we live in.