Pyrrhus of Caracas.

Australasian Business Intelligence | January 10, 2003 | Copyright

Jan 09, 2003 (The Economist - ABIX via COMTEX)

Since becoming president of Venezuela in 1999, Hugo Chavez has struggled to bring the state oil company to heel. He claimed that Petroleos de Venezuela (PDVSA) was a law unto itself. He may have succeeded in breaking it, but at great cost. With the company brought to a standstill by a strike, the Energy Minister, Rafael Ramirez, claimed that those on strike were disaffected management who were surplus to the oil company's requirements. The Opposition forces have tried to oust him on the basis that he is undermining ...

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