It’s hard to imagine the mental gymnastics that Venezuelan thug Hugo Chavez must go through before declaring that the U.S. is engaging economic war, all the while benefiting himself from $100 a barrel oil. Even more curious is that despite $100 a barrel oil the country is literally going broke with out of control inflation and empty store shelves, which of course is the reason why any threats from Hugo are paper at best, simply put he needs the yankee dollars in order to survive.

Chavez is quickly earning the title of Mugabe of the western hemisphere. Why is it that socialists always seem to have a soft spot for handmade Italian suits?

Venezuelan President Hugo Chavez, who threatened to cut off oil sales to the U.S. a week ago, said the government won’t do so unless the South American nation is attacked.

[From Bloomberg.com: Latin America]