Venezuelan President Hugo Chavez has sent troops to take over companies that provide services for the oil industry.
"This is a revolutionary offensive," he told workers near Lake Maracaibo, Venezuela's main oil-producing area.
Military vehicles were used as the state oil company seized supply boats and two US-owned gas facilities.
Mr Chavez nationalised Venezuela's main oil assets two years ago. The fresh drive comes as falling oil prices put state finances under pressure.
The move places hundreds of boats, several ports and an estimated 8,000 oil workers under state control. - BBC News Story
And this is the Leader Obama chose to hang with during his trip to South America?
No comments:
Post a Comment