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Politics : Foreign Affairs Discussion Group

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To: Hawkmoon who wrote (179928)	1/14/2006 4:15:52 PM
From: Brumar89	Read Replies (2) of 281500

Chavez is the thief. Venezuela made deals with prescribed terms re. royalties & taxes with foreign oil companies to develop their heavy oil reserves. Years later Chavez changed the rates retroactively and accused the foreign companies of dodging the new higher taxes. Plus this year he is forcing the foreign companies to give the national oil company massive interests in their projects. Meanwhile, the national oil company's production has plummeted since he's been in office. Which of course is the reason the foreign companies are being looted.

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