Venezuela

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Venezuela

TB — 9/26/2008 4:18:13 PM (archived)

Miami Herald interviews with dozens of Venezuelan and foreign oil experts, and reviews of scores of records, turned up a problematic picture:

Since Chavez took power in 1999, oil production in Venezuela has declined by 28 percent, the company's debt has soared, corruption has flourished, foreign oil partners have pulled out, PDVSA's payroll has skyrocketed, and the company has taken to hiring employees for their fealty to Chavez, not their expertise.

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So what if we were talking $1.8 trillion to nationalize the oil companies? - Bowser - 9/26/2008 2:55:42 PM
- "The Great Unwashed get a giant, ongoing wedgie as they are frog-marched into financial oblivion." - Lindy - 9/26/2008 4:42:00 PM
- Venezuela - TB - 9/26/2008 4:18:13 PM
  - With a couple of small modifications... - alcaray - 9/26/2008 6:40:06 PM
    - Yup. - TB - 9/26/2008 6:49:27 PM
      - I did not read it, only your excerpt. To make clearer what an intellegent person might glean from your excerpt... - alcaray - 9/26/2008 9:31:07 PM
        
        Woops, cleaning up my inadvertant use of html... - alcaray - 9/26/2008 9:35:09 PM

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