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Iran building missile base in Venezuela
Credit: modernsurvivalblog
Iran and Venezuela are feverishly building ICBM bases on the Paraguana Peninsula, a thumbnail shaped spit of arid land around a thousand square miles in size, 250 miles northwest of Caracas. These bases are designed to house missiles with nuclear tipped warheads capable of reaching large portions of the United States. From the Jerusalem Post, in May of 2011, and noted at the time by American Thinker, we read about these stunning developments that the Obama Administration and their socialist enablers in the media want to bury before the 2012 election.
Iran is building intermediate-range missile launch pads on the Paraguaná Peninsula, and engineers from a construction firm – Khatam al-Anbia – owned by the Revolutionary Guards. The rocket bases are to include measures to prevent air attacks on Venezuela as well as commando and control stations.
The Iranian military involvement in the project extends to bunker, barracks and watch tower construction. Twenty-meter deep rocket silos are planned. The cost of the Venezuelan military project is being paid for with Iranian oil revenue. The Iranians paid in Read more…
Venezuela to Nationalize Gold Industry
President Hugo Chávez says he plans to take over Venezuela’s largely underdeveloped gold mining industry in an attempt to boost international reserves, reports WSJ.
Chávez has already nationalized banks, telecommunications, oil fields, the power sector, and hundreds of thousands of acres of farmland.
Speaking on state television via telephone, Chávez said he would introduce a new Read more…
OPEC: Venezuela Has Largest Oil Reserves, Surpassing Saudi Arabia
Venezuela’s crude oil proven reserves exceeded those of Saudi Arabia last year according to OPEC’s annual statistical report. In 2009, OPEC listed Saudi as having the highest reserves at 264.59 billion barrels or 25.9% of OPEC’s overall reserves and Venezuela at 211.17 billion barrels or 19.8% of OPEC reserves.
According to OPEC’s latest annual report, Venezuela’s proven crude oil reserves reached 296.5 billion barrels in 2010, up 40.4% on the year and higher than Saudi Arabia’s 264.5 billion barrels.
The data confirms statements by Venezuela’s national oil company (PDVSA) which reported it had this level of reserves as early as January of this year. Venezuela began certifying its oil reserves in the Orinoco belt in 2007 and since then the corporate media accused PDVSA of Read more…
Iran Moving Ahead on Venezuelan Missile Bases that Bring Miami Well Within Range
unsettling similarities to 1962 Cuba…
except this time facing advanced air defenses
Chávez’s purchase of $15 billion in weapons causes concern in Latin America
Venezuelan President Hugo Chávez’s purchases of weapons totaling more than $15 billion causes concern in Latin America.
With the acquisition of hundreds of tanks, helicopters and bulletproof vehicles as well as submarines and missile networks, Venezuela is arming itself at a speed unprecedented in the history of the South American country.
Experts consulted by El Nuevo Herald have said that Hugo Chávez’s has created unrest in the region with purchases to expand its military that total more than $15 billion.
The analysts warned that the purchases are made in an improvised fashion, following a “dubious” process with no bidding or prior studies, which could lead the country to acquire a Russian technology difficult to adopt and rejected by segments of the National Armed Forces.
The funds Chávez is using for the purchase of these new weapons, the largest in the nation’s history, are in Read more…
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