Thursday, January 19, 2006

South American Natural Gas Network

From CNN.

"Venezuelan President Hugo Chavez said Thursday that Brazil, Argentina and his country would move forward on a proposed natural gas network spanning much of South America, adding that the agreement heralded a new era of regional cooperation with less U.S. influence."

A 5,000 mile pipeline, which cost just a little... Chavez suggests, according to the article, that if countries, particularly Brazil and Venezuela switch from gasoline- to natural gas-powered cars...

"This is the end of the Washington consensus," Chavez said, referring to a set of U.S.-backed free market policies meant to solve South America's economic woes. "It is the beginning of the South American consensus."

Since the Washington Consensus can be considered responsible for calming inflation while worsening income/social inequality, what will the South American consensus (represented by this pipeline) be marked by?

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