Hugo Chavez: Thief or Hero?
Hugo Chavez is about to take over the assets of 6 major oil companies (Exxon Mobil (XOM), Chevron (CVX), ConocoPhillips (COP), BP (BP), France's Total, and Norway's Statoil (STO)) amidst a May Day celebration with as much pomp and glitz to make Liberace proud. Alright am I being too biased towards business? Well maybe but...
the whole story behind Chavez’s drive to nationalize these assets is long and complicated. I will be happy to explore how sustainable these policies are in a separate post but for now, if you would like to learn more about this story, you can read Peter Wilson’s article in Businessweek: Chávez Takes on Big Oil—Again
Monday, April 30, 2007
