Venezuelaâ€™s Oil Gambit

Posted by Matt in April 13th, 2007

Years of threats and bluster over the operations of U.S. and European oil companies in Venezuela turned more serious this month as President Hugo Chavez set a May 1 deadline (NYT) for nationalizing several major foreign petroleum projects. Chavezâ€™s announcement prompted fear from oil executives, but many analysts say the move could be even more disastrous for Venezuela itself.

Map for Caracus, Venezuela

[Countries link to CIA Factbook. States link to Wikipedia.]

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