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can anyone fact check this claim? "Chávez turned the state-owned oil company from being professionally run to being barely run. People who knew what they were
by Dowwie 11y ago
can anyone fact check this claim?
"Chávez turned the state-owned oil company from being professionally run to being barely run. People who knew what they were doing were replaced with people who were loyal to the regime, and profits came out but new investment didn't go in"
- Havoc 11y agoFact check no, but it does sound vaguely familiar. Can't quite place it though.
- refurb 11y agoDo a Google search. When Chavez came in he nationalized a number of oil companies. Those companies left the country and took a lot of people with them. When oil prices started to drop, he cut spending on maintenance.
- ipince 11y agoTowards the end of 2002, there was a general strike in Venezuela, where, most importantly, a large percentage of PDVSA's workforce was on strike and oil production basically halted. Chavez went ahead and fired 18,000 people (skilled oil industry workers) after the strike in one fell swoop. Those workers were replaced with workers loyal to the regime. Basically, everyone who opposed the government was fired from PDVSA. Many of those skilled fired employees found themselves unable to work and left Venezuela to other countries, notably Colombia, which later experience a surge in its oil industry. Source: I'm Venezuelan... But here's an article that talks about this: http://www.economist.com/news/americas/21607824-venezuelas-loss-thousands-oil-workers-has-been-other-countries-gain-brain-haemorrhage http://www.economist.com/news/americas/21607824-venezuelas-l...