Friday, April 25, 2003

Chavez tries to turn Venezuelan oil industry into a vehicle for redistribution of wealth.

A semi-sympathetic article

This may be a disaster. A killing of the goose which lays the golden eggs as the government mismanages the company to death by slashing investment and talent. Or it may achieve some valuable redistribution and worthwhile reforms.

Worth keeping an eye on to see how this progresses.

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