Chavez the socialits revolutionary invites evil oil multinationals back — all is forgiven
January 15th, 2009 at 09:57am Chuck Sweeny
The economic calamity has its bright points. One is that Venezuelan dictator Hugo Chavez, the socialist revolutionary who nationalized his country’s oil company and kicked out the foreign oil folks, is now begging to get them back. The nationalized oil company is now run by political hacks instead of oil pros, and production is way down. Add to that the low per-barrel price of oil, and you’ve got one, desperate revolutionary. The International Herald Tribune has the story.
Entry Filed under: Hugo's OIL
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