Workers Flee and Thieves Loot Venezuela’s Reeling Oil

  • workers flee and thieves loot venezuelas reeling oil giant-the
  • workers flee and thieves loot venezuelas reeling oil giant-the
  • workers flee and thieves loot venezuelas reeling oil giant-the
  • workers flee and thieves loot venezuelas reeling oil giant-the

Workers Flee and Thieves Loot Venezuela’s Reeling

Venezuela Self destruction in progress. Page 2

The Joy of Socialism: Workers Flee and Thieves Loot

Cleptocracia y declive en Venezuela: Un análisis de la

  • Why did Venezuela's oil workers leave?
  • Venezuela’s oil workers began leaving in 2003, shortly after then President Hugo Chavez fired thousands of them for launching a strike that paralyzed output. The oil workers accused Chavez of riding roughshod over the nation’s democratic institutions, while Chavez said the picketers were plotting a coup. (AP Photo/Ana Maria Otero, File)
  • Why did Venezuela's oil workers flood out in 2003?
  • Venezuela’s oil workers began flooding out in 2003, shortly after Chavez fired thousands of them — many by name on national television — for launching a strike that paralyzed output. The oil workers accused Chavez of riding roughshod over the nation’s democratic institutions, while Chavez said the picketers were plotting a coup.
  • How many Venezuelan oil workers were exiled?
  • Tomas Paez, a professor at Central University of Venezuela who studies the Venezuelan exile community, estimates that 30,000 oil workers fled in the initial wave, many banned from working in the country’s oil industry.
  • Can Venezuela overcome economic collapse?
  • The New York Times EL TIGRE, Venezuela — Thousands of workers are fleeing Venezuela’s state-owned oil company, abandoning once-coveted jobs made worthless by the worst inflation in the world. And now the hemorrhaging is threatening the nation’s chances of overcoming its long economic collapse.
  • Is Venezuela stealing oil?
  • Ali Moshiri, Chevron’s top executive for Latin America until last year, said that theft in Venezuela’s oil fields had been a fact of life for 20 years. “But the stealing has accelerated,” he said, citing theft as a prime reason that oil production is plummeting. “They’ll steal your car, they’ll steal your wellhead if they can.
  • Will ConocoPhillips seize Venezuela's oil exports?
  • Venezuela’s oil exports are being interrupted by legal action as well. In recent weeks, courts have ruled that ConocoPhillips, an American oil company, could seize Venezuelan shipments at refineries and export terminals in several Dutch Caribbean islands. The action stemmed from Venezuela’s decision to nationalize foreign oil assets a decade ago.