Word: venezuela
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...seven members of the Organization of Petroleum Exporting Countries at the conference-Saudi Arabia, Iran, Iraq, Algeria, Indonesia, Venezuela and Nigeria-made ritual and occasionally heated objections to Kissinger's arguments. "Blaming the world's difficulties on [the oil producers'] actions and decisions not only is unconvincing," said...
...First World; Saudi Arabia, Iran, Iraq, Algeria, Indonesia, Venezuela and Nigeria from OPEC; and India, Pakistan, Yugoslavia, Egypt, Cameroon, Zaire, Zambia, Argentina. Brazil, Mexico, Peru and Jamaica from the developing world...
...Venezuela. Nationalization of all oil operations will be completed by Jan. 1. Venezuelan Oil Minister Valentin Hernandez said the government would pay 39 foreign companies slightly more than $1 billion in cash and 6% bonds for their holdings. Exxon will get $512 million, Shell $240 million. The companies are not satisfied-Exxon reportedly had hoped to get $90 million more -but they have reluctantly accepted the government's offer and are planning to market nationalized Venezuelan oil in North America and Europe...
...their own country: Fidel Castro, but he has somehow become slightly old-hat, either as a menace or an inspiration; Luis Echeverria of Mexico, presiding over a dynamic entrepreneurial economy while talking a medium-left, aggressively Third World line; and one South American, the impressive Carlos Andres Perez of Venezuela. Perez heads one of the only two working democracies in South America (Colombia is the other), and he has oil, 2.4 million bbl. a day. He is not self-righteous about his country's democracy (he is too well aware of Venezuela's turbulent history...
...feeling that the advanced industrial nations exploit the Third World is stronger than ever and is remarkably adaptable to shifting circumstances in the world economy. In the winter of 1973-74, when OPEC was inflicting the maximum pain on the oil-consuming world, all the South American nations except Venezuela and Ecuador were also hurt. But they were full of heady visions of "other OPECs" that could force the rich North to pay much more for copper, bauxite, coffee, etc. Then the weakening of world demand knocked down raw materials prices; copper fell from...