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Re: It's not about Chavez
by Hi5
Uh, before you sit down next time and rattle off whatever's on your mind, get the facts straight first. The Venezuelan oil industry was essentially in the hands of the multinational oil companies until 1976. In 1977 It was nationalized, and the sole stockholder became the Republic of Venezuela. Within 20 years the new, nationalized oil company (PdVSA) had acquired the reputation of being the most efficient, transparent and productive state-owned oil company in the world. The rest is history. Look it up. You'll find that since Chavez fired some 20,000 PdVSA/state employees in 2002 and 2003 production has fallen by half, and the payroll has doubled (it's "21st century socialism," remember?). You're just one of many, many naive people out there who have fallen for the political line that Chavez's Goebbelsian propaganda machine has been churning out for the past 5 years. Sloganeering is easier than reading history, but if you read a little history you wouldn't be regurgitating nonsense.
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