2 Dead, 4 Injured In Chile As Gas Price Hike Protests Turn Deadly

Thursday, January 13, 2011
By Paul Martin

by Tyler Durden

It must be that 0% Chile unemployment leading to zero economic slack, and resulting in surging inflation that is the reason for the most recent deadly escalation borne from surging prices. Because otherwise it would mean that the chairman was either blatantly lying when he said he was 100% confident global inflation would not run out of control, or, as usual, the Princeton academic with no real world experience had absolutely no idea what he was talking about. From Business Week: ” Protests over gas price increases of 17 percent are intensifying in far southern Chile. Already, two women protesters have been killed and a baby was among those injured when a truck smashed into a barricade and knocked them into a bonfire. About 21 people have been arrested. Police say the trucker fled the scene in Punta Arenas early Wednesday. He had been driving without lights on. The protests are the first major political challenge to face Chilean President Sebastian Pinera this year. He made a campaign promise that gas prices wouldn’t rise, but the state-owned petroleum company has had trouble maintaining supplies. Chile imports 93 percent of its gas.”

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