| Omac said: Hugo Chavez is crazy and I'm glad the vote didn't go through. If he was president for life, he would turn Venezuela into Cuba sucking the life out of his people. About the oil didn't Chavez take over another companies oil rig off the coast even though they paid him to have the oil rig there? Stuff like that makes him unpredictable and not good for Venezuela. |
Much more than that. He nationized every oil company in Venezuela. This caused a decrease in possible production for Venezuela for 5-10 years and has led (and will lead) in increased overall world oil prices. By lowering near-term production, he has changed the price of oil.
He is pretty predictable, though. Anything that makes lots of money or opposes him he either seems to take or try to take. He has made it known that almost all non-Venezuelan companies operating inside Venezuela must be majority owned by the Venezuelan government. China has a similar policy.
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