Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Trouble looms for Chavez at Venezuela’s state-run oil company
KANSAS CITY STAR ^ | Sun, Mar. 23, 2008 10:15 PM | JACK CHANG and KEVIN G. HALL

Posted on 03/24/2008 5:17:55 PM PDT by OKIEDOC

CARACAS, Venezuela | President Hugo Chavez has spent billions of dollars of Venezuela’s oil revenue to challenge U.S. interests, build influence around the world and fund a socialist revolution at home.

Yet as Chavez moves from one international crisis to another — most recently a near military confrontation with neighboring Colombia, an important U.S. ally — many wonder how long his oil-funded wild ride will last.

Not long, analysts in Venezuela and abroad said, if production continues to decline at the country’s state-run energy company, Petroleos de Venezuela S.A., known by its Spanish initials PDVSA.

The state oil company is responsible for 80 percent of the exports, but analysts think that it is falling apart.

“PDVSA is a company on the border of collapse,” said Robert Bottome, the editor of the newsletter VenEconomia. “You don’t have people, you don’t have a corporate strategy and you don’t have money.”

(Excerpt) Read more at kansascity.com ...


TOPICS: Business/Economy; Foreign Affairs; Government
KEYWORDS: dictator; energy; hugochaves; oil; venezuela
Hugo, Hillary and Obama are on the same wave length when it comes to taking a country into third world status.

Don't believe for one second that Obama is naviete about what he wants to do if given the chance to rule over America.

Hugo is a fine example of Progressive Liberal ideals, AKA Socialism.

1 posted on 03/24/2008 5:17:57 PM PDT by OKIEDOC
[ Post Reply | Private Reply | View Replies]

To: OKIEDOC

I guess Joe is already making overtures to Mahmoud to supply Joe4Oil. As Hugo runs PDVSA/Citgo into the ground.


2 posted on 03/24/2008 5:23:21 PM PDT by sinanju
[ Post Reply | Private Reply | To 1 | View Replies]

To: OKIEDOC
many wonder how long his oil-funded wild ride will last.

How long did Castro last?

3 posted on 03/24/2008 5:32:44 PM PDT by The Duke (I have met the enemy, and he is named 'Apathy'!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: The Duke
many wonder how long his oil-funded wild ride will last.
How long did Castro last?

Comment:

Castro lasted as long as he did because all of his dissenters and opposition groups immigrated to America.

4 posted on 03/24/2008 5:36:51 PM PDT by OKIEDOC (Kalifornia, a red state wannabe. I don't take Ex Lax I just read the New York Times.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: OKIEDOC

Looters never win.


5 posted on 03/24/2008 5:45:26 PM PDT by Sawdring
[ Post Reply | Private Reply | To 1 | View Replies]

To: OKIEDOC
Image hosted by Photobucket.com

Chavez: "You are a devil, you smell like sulfur, you are a drunk, you are the demon, you are a dictator, you are an assassin Mr. Devil, you are..."

Bush: "YEAH, Yeah, yeah, WHATever... just fill'er up MonkeyBoy!!!"

6 posted on 03/24/2008 6:07:49 PM PDT by Chode (American Hedonist ©®)
[ Post Reply | Private Reply | To 1 | View Replies]

To: OKIEDOC
Castro lasted as long as he did because all of his dissenters and opposition groups immigrated to America.

Great point. Now, I just hope Chavez doesn't read Free Republic(!) (Otherwise he might be buying the tickets here for his own dissenters)

7 posted on 03/25/2008 1:46:35 AM PDT by The Duke (I have met the enemy, and he is named 'Apathy'!)
[ Post Reply | Private Reply | To 4 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson