Venezuela and the Chavez Legacy:
edited 9th Aug '11 9:15:01 PM by Exploder
- Government owned and operated oil industries, by and large, have an earned reputation as being prone to cronyism putting "favored" people in positions of power regardless of whether or not they're qualified for the job, and when they slack on something maintenance of the equipment is usually the first target. After Chavez nationalized the oil infrastructure, the companies that were running it pulled out their technicians. Those foreign* technicians were a majority of the people who knew How To Get Shit Done(tm), though I don't have any hard numbers at hand as to how much was/wasn't local.
- The actual output of the Venezuelan oil fields has been declining for a while now. Official government numbers deny the claim, of course, but especially for dictatorships (pseudo-* or otherwise) fudging the numbers is hardly unheard of.
edited 9th Aug '11 10:25:25 PM by Polarity
edited 10th Aug '11 5:58:09 AM by Baff
edited 10th Aug '11 6:52:05 AM by USAF713
edited 10th Aug '11 7:49:17 AM by Polarity
edited 10th Aug '11 5:54:22 PM by Baff
edited 10th Aug '11 5:56:16 PM by Nld
edited 10th Aug '11 6:30:37 PM by BestOf
edited 10th Aug '11 6:28:33 PM by Polarity