tag:blogger.com,1999:blog-8785706634715431183.post8441657781033786995..comments2023-09-15T16:38:16.644+05:30Comments on Patta Pal Boru: Chavez – Despots bite the dust – no DictatorsPatta Palhttp://www.blogger.com/profile/10173044980411242894noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-8785706634715431183.post-21610498097670903562013-03-06T18:30:06.084+05:302013-03-06T18:30:06.084+05:30Here is a different view of Chavez
http://www.greg...Here is a different view of Chavez<br /><a href="http://www.gregpalast.com/vaya-con-dios-hugo-chavez-mi-amigo/" rel="nofollow">http://www.gregpalast.com/vaya-con-dios-hugo-chavez-mi-amigo/</a><br /><br />Some excerpts<br />Just after Bush's inauguration in 2001, Chavez' congress voted in a new "Law of Hydrocarbons." Henceforth, Exxon, British Petroleum, Shell Oil and Chevron would get to keep 70% of the sales revenues from the crude they sucked out of Venezuela. Not bad, considering the price of oil was rising toward $100 a barrel.<br /><br />But to the oil companies, which had bitch-slapped Venezeula's prior government into giving them 84% of the sales price, a cut to 70% was "no bueno." Worse, Venezuela had been charging a joke of a royalty – just one percent – on "heavy" crude from the Orinoco Basin. Chavez told Exxon and friends they'd now have to pay 16.6%.<br /><br />Clearly, Chavez had to be taught a lesson about the etiquette of dealings with Big Oil.<br /><br />On April 11, 2002, President Chavez was kidnapped at gunpoint and flown to an island prison in the Caribbean Sea. On April 12, Pedro Carmona, a business partner of the US oil companies and president of the nation's Chamber of Commerce, declared himself President of Venezuela – giving a whole new meaning to the term, "corporate takeover."sbarrkumhttps://www.blogger.com/profile/05883150662027018076noreply@blogger.com