Chavez goes full circle on oil policy

May 7, 2003

PDVSA took its road show two days ago to Houston where the “new” plan to expand production to five million barrels per day was presented to oil industry investors. Thus, the full circle is completed. Ali Rodriguez and Hugo Chavez are now doing exactly what they criticized the Caldera Government when Luis Guisti was President of PDVSA, and which they sold to the people as part of their “revolution” : They want to almost double production, violate OPEC’s quotas and have the additional production come from foreign investment. Amazing, isn’t it? Four years ago Chavez used to say this was not patriotic and was a sell out of the country!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.

Join 11,862 other followers

%d bloggers like this: