Chavez brings the pain...
Out of context: Reply #205
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- garett_west0
Wait, did YOU read that article?
"Last month, Chavez ordered a state takeover of several major oil operations that had been controlled by foreign-owned corporations. France's Total SA and Italy's Eni SpA refused to cooperate with contractual changes mandated by Chavez. Sixteen firms, however, including Royal Dutch Shell, Chevron Corp., and Spain's Repsol YPF, all agreed to the terms of a reworked contract with Venezuela that grants the state greatly increased revenue shares and operational control."
In the 1990s, Venezuela opened its oil industry to private investment, which resulted in the creation of 32 operating service agreements with 22 foreign oil companies.
Where in that article does it say the U.S. is trying to strongarm Venezuela?
Did you post the wrong article?!?