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Latin America

(62,536 posts)

6. It was already nationalized before Chavez.

Tue May 14, 2013, 04:52 PM

May 2013

The problem is that upper management ignored OPEC quotas so it was being sold under market rates.

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Highlight:

Venezuela Inflation Soars Toward 30% as Maduro Cuts Dollar Sales [View all] Bacchus4.0 May 2013 OP

I thought Venezuela had nationalized their oil industry under Chavez kona808 May 2013 #1

oil is the ONLY think keeping them afloat Bacchus4.0 May 2013 #3

The moves towards Marxism have been successful. Flatulo May 2013 #4

I consider it cronyism more than anything. joshcryer May 2013 #7

It was already nationalized before Chavez. joshcryer May 2013 #6

Socialism at work. nt clarice May 2013 #2

+1 nt clarice May 2013 #8

yep n/t Bacchus4.0 May 2013 #9