Chavez has Lotsa Oil!!

Venezuela's president Hugo Chavez arrives in London today with an extraordinary promise to offer cut-rate heating oil for needy families in Europe, modelled on a similar campaign in the US which has been seen partly as a bid to embarrass President George Bush.

This past winter, Venezuela delivered cut-rate oil to low-income Americans through Citgo, the Houston-based subsidiary of Venezuela's state-owned oil company. [ Link]