Word: chavezes
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Venezuelan President Hugo Chavez has a garish knack for making the world think he's the most radical of radicals. So when the left-wing, anti-U.S. leader ascended a raucous stage in front of a petrochemical plant in eastern Venezuela today - May Day, the leftiest day of the year - and announced his government's takeover of the nation's lucrative heavy oil industry, it sent the usual panic through Washington and the international media. "It's national power!" shouted Chavez, who controls the hemisphere's largest crude reserves. "We can't have socialism if the state doesn...
...truth - one that both Chavez and his archfoe, the Bush Administration, would prefer you not know - is that when it comes to oil nationalization, Hugo is hardly the most radical of his global peers. In fact, even after today's petro-theatrics, Chavez is just catching up with the rest of the pack...
...From Mexico to China, more than 75% of the world's oil reserves are controlled by national oil companies today. Of the world's top 20 oil-producing firms, 14 are state-run. And even though Chavez has now stripped foreign oil companies like Exxon Mobil of any majority stakes they had in Venezuelan oil production projects - mandating that his state-run company, Petroleos de Venezuela (PDVSA), have at least 60% ownership from here on out - he's at least allowing those private multinationals to continue taking part in the drilling. Not so, for example, in Mexico or the world...
President Evo Morales is not known as a friend of Washington - his left-wing politics, like those of his ally Venezuelan President Hugo Chavez, often put him at odds with the Bush Administration. But in Bolivia, it's often said that Morales owes his presidency in part to Washington, because it was U.S. efforts to eradicate coca cultivation that played a major role in propelling Morales into office...
...million Gallons of discount heating oil delivered to low-income U.S. households this winter by Citgo, a subsidiary of a Venezuelan state-owned oil company, scoring President Hugo Chavez political points...