Venezuela Suggests Control of Oil Projects

[struggle4progress]

By NATALIE OBIKO PEARSON
The Associated Press
Thursday, May 11, 2006; 6:20 PM

CARACAS, Venezuela -- Venezuela's congress, dominated by supporters of President Hugo Chavez, released a report Thursday recommending the state assume majority control of key heavy oil projects run by companies like Chevron Corp. and Exxon Mobil Corp. in its oil-rich Orinoco River basin.

Such a move, which Chavez has yet to publicly endorse, would bring all active oil-producing operations run by foreign companies in Venezuela effectively under state control.

http://www.washingtonpost.com/wp-dyn/content/article/2006/05/11/AR2006051101513.html

[stepnw1f]

1. Good for Venezuala

bad for the greedy oil fascist pigs....

[Union Thug]

2. GO! GO! HUGO!!!

Latin American; the face of the rising new Left! America's disasterous 'liberalization' via death squads and economic extortion backfired, now didn't it....

[David__77]

3. Use foreign capital, but don't let it use you.

Keep them out of strategic power. They can lend expertise and reap a controlled profit. But don't let them drive the nation's agenda.

[tatertop]

4. How can you not love this guy?

Viva Chavez!