Venezuela Star
VenezuelaStar.com Tuesday 6th January 2009 Volume 3/02
Front Page Venezuela News
Oil prices help Canadian markets recover 11 per cent


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Higher oil prices helped the Canadian market maintain its upward trend from the New Year's first day, with energy and metal sectors posting further gains on the Toronto stock exchange...


Oil prices fall in Asia after Monday rally
SINGAPORE - World oil prices fell in Asian trade on Tuesday after rising sharply the previous day while the Israeli-Hamas conflict intensified, analysts...


Oil Prices Rise Past $48 per Barrel
$2.47 cents to settle at $48.81 per barrel on the New York Mercantile Exchange. Phil Flynn, an analyst at Alaron Trading Corp. in Chicago, said there seems to be a mood change in the market and a...


Oil prices help Canadian markets recover 11 percent
Toronto, Jan 6 : Higher oil prices helped the Canadian market maintain its upward trend from the New Year's first day, with energy and metal sectors posting further gains on the Toronto stock...


Venezuela suspends heating aid to the U.S.
CARACAS, Venezuela : Venezuela's national oil company is suspending a program that provides discounted heating oil to poor communities in the United States, as officials here struggle to find...


Oil prices slump in Asian trade
WORLD oil prices fell in Asian trade amid an intensification of Israel's conflict with Hamas, analysts said. New York's main contract, light sweet crude for February delivery, was down 16 cents to...


Venezuela condemns tear gas attack on TV station
CARACAS, Venezuela -- The Venezuelan government on Sunday condemned a tear gas attack last week at the studios of an opposition-aligned TV station. Information Minister Jesse Chacon said President...


Oil prices fall in Asia
Close this SINGAPORE -- World oil prices fell in Asian trade on Tuesday after rising sharply the previous day amid an intensification of Israel's conflict with Hamas, analysts said. New York's main...


Venezuela halts program that gives free heating oil to U.S. poor
CARACAS, Venezuela -- Venezuela's state oil company is suspending a much-promoted program that provided free heating oil to hundreds of thousands of poor people throughout the U.S., the company...


Field Museum discovery helps solve mystery of South American trophy heads
The mystery of why ancient South American peoples who created the mysterious Nazca Lines also collected human heads as trophies has long puzzled scholars who theorize the heads may have been used in...


76 killed in Colombia
A total of 76 people were killed in Colombia's winter raining season, which lasted from mid-September to the end of 2008, the country's Department of Disasters Prevention and Attention (DPAD) said...


Venezuelas Chavez says Israeli attack on Gaza is genocidal
Venezuelan President Hugo Chavez said that Israeli attacks on the Gaza Strip are genocidal and called on governments around the world to demand a cease-fire in the Middle Eastern conflict. Chavez...


Oil Prices Rise Monday
NEW YORK (UPI) -- Crude oil prices rose Monday on political tensions and an oil production cut, which began in the new year. Violence in Gaza and a new attack on a pipeline in Nigeria contributed to...


Oil prices up as OPEC plans extraordinary session
LONDON: Oil prices rose back above $47 on Monday as the Israeli-Palestinian conflict raged on and major crude producer Iran said the Organization of Petroleum Exporting Countries (OPEC) would hold a...


Chavez backs re-election for Venezuela politicians
CARACAS (Reuters) - Venezuelan President Hugo Chavez said on Monday that a constitutional referendum proposed for February to lift limits on presidential re-election will also include a measure to...


Venezuela International Reserves Hit Record $42.2B in 2008
Venezuela's international reserves were $42.2 billion at the end of 2008, the highest level on record because of lofty oil prices for most of the year. The central bank's international reserves...


Sacre-Coeur Completes Prioritization and Restructuring of Its Guyana Property Portfolio; 1,013 sq km in Five Regional Blocks Retained
S5N ) today announced that it has completed rationalization of its extensive portfolio of mineral properties in Guyana, South America. Over the past three years, the Company has conducted field ...


Asesinan a madre, a hija y a dos nietas en Colombia
BOGOTA -- Una mujer, su hija y dos nietas pequeñas fueron asesinadas a la llegada del Año Nuevo y sus cuerpos encontrados recién el domingo, informaron el lunes las...


Thai inflation falls in December on oil prices
Thailand's annual inflation rate fell sharply to 0.4 percent in December due to cooling oil and consumer products prices, the commerce ministry said.The figure was down from November's figure of 2.2...


Oil prices rise above US$47 as OPEC cutbacks start to take effect
VIENNA, Austria - Oil prices rose above US$47 a barrel Monday on evidence that OPEC production cutbacks were taking hold and news of more unrest in oil-rich Nigeria. A dispute between Ukraine and...


Dakar Rally prepares for first South American foray
BUENOS AIRES, Argentina (AP) — Transferred from Africa by the threat of terrorism, the Dakar Rally starts on Friday with a symbolic drive in Argentina's capital before heading out on an...


Oil prices flat as OPEC
Oil prices were virtually unchanged in Monday trade after recent strong rises fuelled by the Israeli-Palestinian conflict and as major crude producer Iran said OPEC would hold a special meeting next...


Israeli ambassador in Colombia considers raids necessary against "terrorists"
Meron Reuben, the Israeli ambassador to Colombia, said Sunday that his country's air strikes against Hamas are necessary despite an international outcry against the violence in the Gaza Strip....


Huge cache of rebels
Bogota, Jan 4 : The Colombian Army has seized a huge cache of explosives belonging to the Revolutionary Armed Forces of Colombia (FARC) in southwestern part of the country, EFE...


Venezuelan US dollar reserves close 2008 at record $42.2 billion
By Daniel Cancel CARACAS, Venezuela (Bloomberg): Venezuela’s US dollar reserves closed 2008 at a record of $42.2 billion after climbing $5.1 billion during the last two days of the year,...


Retrenchment of employees sparks controversy in Guyana
oscar@caribbeannetnews.com GEORGETOWN, Guyana: The Transport and Harbours Department (THD) in Guyana has sent termination letters to 40 of its employees at New Amsterdam and Rosignol who are employed...


Rains may force 60 schools in Guyana to close
oscar@caribbeannetnews.com GEORGETOWN, Guyana: Heavy rainfall continues to create havoc in Guyana and the Minister of Education, Shaik Baksh, has issued a statement that his ministry will be forced...


Oil Prices Surge Above $48 on Gaza, Russian Gas Row
Oil jumped more than 4 percent on Monday after an Iranian military commander reportedly called for an oil boycott over Israel's ground offensive in the Gaza Strip and on concerns over the deepening...


Falling oil prices
The British economy and consumers are set to benefit from falling oil prices over the coming three years, according to a think tank. The Ernst & Young ITEM Club said that the fall in growth expected...


Offensive likely to push up oil prices
Israel’s escalating ground offensive inside the Gaza Strip is expected to push up oil prices further this week.Concern the conflict could disrupt supplies from the region was one of the factors...


Russia ratifies convention with Venezuela to avoid double taxation
MOSCOW, January 4 (RIA Novosti) - Russian President Dmitry Medvedev has signed a law to ratify the convention to avoid double taxation and tax dodging between Russia and Venezuela, the Kremlin said...


Guyana says classes threatened by record rains
Guyana says it might postpone the first day of classes at 60 public schools if record rains persist.Education Minister Shaik Baksh said Saturday he is asking authorities to inspect schools along the...


Venezuela hopes currency limitations save billions
CARACAS, Venezuela -- Venezuela hopes to save some $2.3 billion in foreign currency by reducing the amount of dollars travelers can spend abroad.Currency controls that aim to stem capital flight...


Oil prices rebound above $46 per barrel
Oil prices ended higher on the first day of 2009 trading as investors focused on commodities amid tensions over Israel's onslaught on Gaza, and a Russia-Ukraine gas...


Colombia promises millions of dollars for capturing guerilla leaders
Rewards of up to 5 billion Colombian pesos (2.5 million U.S. dollars) will be set aside for direct delivery or information leading to the capture of FARC (the Revolutionary Armed Forces of Colombia)...


Oil prices cut by half in a year
Exactly one year after crude eclipsed $US100 a barrel for the first time, 2009 trading began on Friday with prices roughly at a half, and some believe oil could be headed even lower.Oil markets...


Oil Prices Drop Friday
NEW YORK (UPI) -- Crude oil prices fell on the New York Mercantile Exchange Friday after a profit-taking trading session to end 2008 left prices inflated. On the first trading session of 2009, crude...


A year after US$100, oil prices cut in less than half, settles at $46.34
HOUSTON - Exactly one year after crude eclipsed US$100 a barrel for the first time, 2009 trading began Friday with prices roughly half their year-ago levels, and some believe oil could be headed even...


Fake Facebook profile angers Guyana president Bharrat Jagdeo
Guyana's president Bharrat Jagdeo was the victim of a Facebook hoax. Photograph: Andres Leighton/AP There are hundreds of George Bushes, scores of Fidel Castros, and dozens of Hugo Chávezes, all...


Oil prices rebound above 46 dollars per barrel
Crude oil prices rebounded strongly on Friday in volatile trade, after earlier losing about 2.5 dollars on profit-taking, as traders fretted over ongoing unrest in the key oil-producing Middle...


Guyana leader wants to know who put him on Facebook
The president of Guyana has asked police to investigate who is impersonating him on Facebook, the social networking website. A government statement said that Bharrat Jagdeo was not a Facebook...


Oil prices slide after New Year
World oil prices dived on Friday as traders banked profits from sharp gains made just ahead of the New Year. New York's main contract, light sweet crude for delivery in February, slid 2.45 dollars to...


View From South America
January 2, 2009 · This week, we're talking with foreign thinkers and scholars about the end of the Bush presidency and the beginning of the Obama administration. In our final conversation in...


Oil prices fall to below US$42 a barrel in Asian trade
SINGAPORE - Oil prices fell below US$42 a barrel Friday in Asia after Russia and Ukraine said a dispute over natural gas payments wouldn't affect shipments to Western Europe. Light, sweet crude for...


5 dead, 65 hurt in Colombia blast
BOGOTA: Five people died and 65 were wounded when a grenade exploded during a New Years party in a remote region of northern Colombia, local authorities said on ...


Oil prices fall back after surge
Oil prices headed lower in Asia overnight on the first trading day of 2009, reversing a surge which came just before the New Year holiday. US crude slid $2.03 to $42.57 a barrel after surging $5.57...


Guyana drenched amid holidays like never before
Guyana has seen its rainiest December on record with nearly 40 inches (1 meter) of rainfall.The previous record is from December 2005, when only 20 inches (51 centimeters) fell. It is not clear how...


Former Chancellor calls for lay magistrates in Guyana
oscar@caribbeannetnews.com GEORGETOWN, Guyana: Former Chancellor of the Judiciary in Guyana, Desiree Bernard, who is now a judge of the Caribbean Court of Justice, has called for Justices of the...


Oil prices start 2009 lower
OIL prices headed lower on the first trading day of 2009, reversing a surge that came before the New Year's holiday. At midday, New York's main contract, light sweet crude for February delivery,...


Guyana police commissioner confirmed in post
oscar@caribbeannetnews.com GEORGETOWN, Guyana: Henry Greene, who has been acting as Guyana’s police commissioner for the past two and a half years has been confirmed in the post by President...