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Dogrel t1_j8fwemg wrote

Hugo Chavez decided to nationalize the entire Venezuelan oil industry, so the affected oil companies got all of their own employees out of country while they still could.

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NoWayNotThisAgain t1_j8gsm7o wrote

They were nationalized in 1968. What Chavez did was get rid of engineers and put his friends and family in charge.

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GlossedAllOver t1_j8h9qrq wrote

Hate seeing Western propaganda here.

Putting his brother, Doofus Chavez, in charge demonstrated that the People's Will triumphs over the supposed need of experience and middle school education.

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AdamsFei t1_j8hyb7o wrote

So the drop in production is also western propaganda?

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GlossedAllOver t1_j8j4pnq wrote

Absolutely. Doofus Chavez has personally guaranteed that production is higher.

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Kebo94 t1_j8gz3in wrote

More like there was a massive general strike and oil production stopped due to the strike. In the aftermath Chavez fired 40% of the work force of PDVSA.

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