As always when you eat the rich people benefit for a while. It's a one-shot benefit, though, and in the long run society pays the price. That's what we are seeing now.
He was using. Oil by discounting the price he provided cheap fuel even for people in other countries.
http://content.time.com/time/nation/article/0,8599,1157172,00.html
Here is a cut and paste from TIME Magazine
QUOTE
When you're a U.S. Congressman and 25,000 constituent families can't find affordable heating oil this winter, you tend not to care where help comes from. That's at least how U.S. Representative Chaka Fattah of Philadelphia felt last week when Citgo — the U.S.-based company owned by the government of Venezuela's left-wing President Hugo Chavez — delivered 5 million gallons of heating oil at a 40% discount to low-income Philadelphia residents. Fattah says he doesn't understand the objections of many congressional conservatives who feel U.S. cities should not be helping improve the image of Chavez, one of President Bush's most strident critics. "The U.S. buys 1.5 million barrels of oil from Venezuela each day at full price," says Fattah, "so why would anyone complain about getting some at almost half price?" UNQUOTE
Whatever his reasons I'm sure the recipients didn't complain. Why didn't the US government take the initiative to help its own poor?
ALSO
http://www.nytimes.com/2016/01/27/w...-see-opportunity-in-houses-he-built.html?_r=0
QUOTE: CIUDAD MIRANDA, Venezuela —
Twenty thousand people live in this concrete bastion built by President Hugo Chávez. He gave them the keys, and they gave him their votes.
There was one thing Mr. Chávez promised but never handed over en masse, though: the property titles that would allow his supporters to sell their homes and cash out.
But now that Mr. Chávez’s old adversaries have taken over Venezuela’s Parliament, they are adopting the tactic and doing it one better. They want to give away the deeds to hundreds of thousands of homes that Mr. Chávez and his movement built — and win the loyalties of the nation’s poor for years to come.
The handover is as big as just about any of the Socialist-inspired giveaways Mr. Chávez ever orchestrated, and it comes with an incongruous twist. For years, the opposition cried foul over Mr. Chávez’s tendency to use the spoils of Venezuela’s oil wealth to hand out housing, calling it an obvious ploy to buy votes. UNQUOTE
What was wrong in supplying decent housing for the poor. Nigeria and South Africa could take the lead from this. The opposition had capitalized on this by giving over the title deeds. If giving people housing and ownership to housing is buying votes, so what. Politics in effect is often about buying support in one way or another.