When you put egotistical socialists in charge…

This is the kind of thing that happens: Falling oil production a challenge for Venezuelan President Hugo Chavez
CARACAS, Venezuela — For the better part of a decade, Venezuelan President Hugo Chavez has spent billions of dollars of his country’s oil revenue to challenge U.S. interests, build influence around the world and fund a self-styled [...]

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Chavez buying Russian Subs

The darling dictator of the left, Hugo Chavez is buying himself a fleet.   
Venezuelan President Hugo Chavez is expected to finalise a deal on buying up to nine Russian submarines during a visit here later this month, a Russian newspaper reported on Thursday.
Caracas has already ordered five 636-type diesel submarines and four of a new [...]

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Venezuela Is Socialism’s Latest Victim

Chavez is routing all vestiges of capitalism from Venezuela:
CARACAS, Venezuela (AP) — President Hugo Chavez said Sunday that his administration plans to create “collective property” as part of sweeping reforms toward socialism, and that officials would move to seize control of large ranches and redistribute lands deemed “idle.”
The Venezuelan leader, speaking on his [...]

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And This Is Why Companies Won’t Invest In Venezuela

Venezuela to Seize Foreign Oil Projects
President Hugo Chavez ordered by decree on Monday the takeover of oil projects run by foreign oil companies in Venezuela’s Orinoco River region.
I spent the majority of my professional career working in the coal mining division of a major oil company. We had a great coal project that we [...]

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Tough Times for Hugo Chavez

First there’s the vote for a seat on the UN Security Council, something Chavez wants really badly. After 22 votes, to select either Guatemala or Venezuela, Venezuela has only won a majority in one round of voting. A 2/3 majority vote is required to win the seat. No voting on Wednesday. [...]

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