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Chavez, Fidel Castro's clone, chose May 1 as the day to announce the nationalization of the major international oil companies operating in Venezuela.(The Week)(Hugo Chavez)(Brief article)

National Review

| May 28, 2007 | COPYRIGHT 2007 National Review, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Chavez, Fidel Castro's clone, chose May 1 as the day to announce the nationalization of the major international oil companies operating in Venezuela. Every May 1 Communists used to hold triumphalist parades, and the symbolism may well be intended by Chavez, who loves to quote Marx and Lenin. Petroleos de Venezuela, the state oil company, has not got the billions of dollars required to pay for the expropriated assets, and the companies are negotiating what they are to receive, which may be in the form of oil. Chavez has observed that control of oil yields virtually ...

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