A few months ago Venezuela's left wing President, Hugo Chavez, visited London to be feted by Mayor Ken Livingstone. It seems that Mr Livingstone is now about to become an oil baron. I can exclusively reveal that he has recently signed a deal with Chavez whereby Transport for London will provide the Venezuelan government with transport counsultancy advice (quite why they'd want it...) and in return TfL will be paid in barrels of oil.
Chavez reportedly has struck a similar deal with Cuba. Quite what TfL will actually do with the oil is anyone's guess, but my spy in TfL's senior management is none to impressed by Livingstone oiling up to Chavez. "It's as much as we can do to develop a strategy for London let alone bloody Caracas," my snout tells me.
Last winter Chavez delivered cut-rate oil to low-income Americans through Citgo, the Houston-based subsidiary of Venezuela's state-owned oil company. He offered to do the same during his visit in May (see HERE) and it now looks as though he's delivering on the promise. Surely Livingstone's London isn't so destitute that it needs overseas aid from a self-styled latter day Che Guevera?