Thank God for Hugo Chavez!

If you want oil to go lower (I own United Airlines), then you must be a huge Hugo Chavez fan. With his new plan to nationalize "everything that was privatized" (Bloomberg), the Venezuelan market is down 22%. Now, I know that everyone's first reaction is that this might disrupt oil supplies. Absolutely not. Hugo Chavez is addicted to oil. Addicted to selling it, ever since he generated record deficits for his country last year in a desperate bid to get re-elected by bribing the people with social programs. Even as he chases foreign investment out of his country, oil becomes more and more important to him. Why doesn't anyone take OPEC seriously? Because Chavez will pump more oil the lower the price goes. I, for one, applaud his efforts. I want to see gas under $2.00 again, and I will.

Viva Chavez!