Chavez goes full circle on oil policy

May 7, 2003

PDVSA took its road show two days ago to Houston where the “new” plan to expand production to five million barrels per day was presented to oil industry investors. Thus, the full circle is completed. Ali Rodriguez and Hugo Chavez are now doing exactly what they criticized the Caldera Government when Luis Guisti was President of PDVSA, and which they sold to the people as part of their “revolution” : They want to almost double production, violate OPEC’s quotas and have the additional production come from foreign investment. Amazing, isn’t it? Four years ago Chavez used to say this was not patriotic and was a sell out of the country!

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