A general article by ex Cuban president Fidel Castro on Chavez's performance as president, the role of the miltiary in Venezuela, Venezuela's relationship with Colombia, and the importance of some historical events.
Before the Bolivarian Revolution, Petróleos de Venezuela, S.A. (PDVSA) the Venezuelan state-run oil company, was completely cut off from society and its needs. The strategic guidelines of the country’s oil industry were set abroad to favour large multinationals such as Exxon and Shell, among others.
On Wednesday Venezuelan President Hugo Chavez signed a long-term agreement with the Chinese Development Bank aimed at financing some 137 development projects planned for the 2013 – 2030 period.
“None of the private media belonging to the large transnational companies has reported on the large scale damage brought about by NATO,” said TeleSUR journalist Rolando Segura at the Thought Artillery vs Lie Factory conference held this week in Caracas.
OPEC’s proven crude oil reserves rose 12.1 percent in 2010 to 1.19 trillion barrels led by Venezuela, which has surpassed Saudi Arabia as the group’s largest reserves holder, OPEC said in its Annual Statistical Bulletin.
Venezuela and five other oil-exporting nations made history this week after they broke consensus and their insistence on maintaining oil production at current levels prevented the twelve-nation Organization of Petroleum Exporting Countries (OPEC) from increasing oil production quotas for the coming period.
With due respect to the United States Department of State and Secretary Clinton, in regards to economic sanctions leveled under CISADA on Venezuela and six other foreign entities. Among the affected countries, only Venezuela is a nation in abject poverty. Oil is its primary export and the exceptionally devastating impact upon its people should be of specific consideration.
I am in Caracas, Vz today (May 29th)—a country I love and a people that I support with all my heart in their struggle against US imperialism and corporate interests so they can make their own lives better. Nine of us came from the US to support the people of Venezuela in rejecting the US economic sanctions that were imposed by the State Departments because, apparently, Venezuela sent two shipments of oil product to Iran.
People in the US paying $4 a gallon for gasoline and US trade deficits with other nations in the hundreds of billions dollars every year for the last few decades is cause for real debate for every person that is affected by the economy. When it comes to oil, the action taken by the Obama administration declaring economic sanctions against Venezuela is a dangerous game.
Despite the recent unilateral U.S. sanctions against Venezuelan state oil company Pdvsa, the company’s Houston-based subsidiary CITGO launched its 2011 ‘Fueling Good’ programme this week for the third year running.
