About This Blog

Ludwig von Mises (1881-1973) was the greatest economist of my time. His greatest works can be accessed here at no charge.

Mises believed that property, freedom and peace are and should be the hallmarks of a satisfying and prosperous society. I agree. Mises proved beyond a shadow of a doubt that the prospect for general and individual prosperity is maximized, indeed, is only possible, if the principle of private property reigns supreme. What's yours is yours. What's mine is mine. When the line between yours and mine is smudged, the door to conflict opens. Without freedom (individual liberty of action) the principle of private property is neutered and the free market, which is the child of property and freedom and the mother of prosperity and satisfaction, cannot exist. Peace is the goal of a prosperous and satisfying society of free individuals, not peace which is purchased by submission to the enemies of property and freedom, but peace which results from the unyielding defense of these principles against all who challenge them.

In this blog I measure American society against the metrics of property, freedom and peace.

Thursday, March 8, 2012

News Item: Despite Slowdown 35% Of US Oil Imports Come From Venezuela

From El Universal:
Venezuelan oil sales to the United States have slowed since 2007. Concomitantly, the Venezuelan government is moving closer to China and other Asian consumers.

Nonetheless...
...in 1992, Venezuelan oil sales accounted for 45% of US imports. In 2011, the proportion sank to 35%, as evidence of Venezuelan's lower profile as energy supplier for the United States.
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