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Venezuela won't recognize current value of nationalized co's.

By Kali at 04/06/07 07:18

Announcing the nationalization of four companies in the Orinoco oil reserve, Venezuela says it will only recognize the "booked investments," rather than current net value of the multi-billion dollar projects.

Original source: Reuters. Venezuela says will recognize only Orinoco book value

Tags: economy •
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What can Cuba offer Venezuela in return for oil?

Cuba is offering military advice in return for the 100,000 subsidized barrels of it a day it receives from Venezuela. What else can it offer in return?

Original source: New York Times. Cuba and Venezuela, the Odd Couple

Venezuela favors compressed natural gas for Jamaica deal

Venezuela sees compressed natural gas (CNG)as the way to go in its deal to supply Jamaica with natural fuels. The move is aimed at supplying the island with cheaper energy sources.

Original source: Jamaicaobserver.com. [404 Check: was link to http:/ / www. jamaicaobserver. com/ magazines/ Business/ html/ 20070331T180000 -0500_ 121189_ OBS_ VENEZUELA_ PUSHING_ TO_ SUPPLY_ COMPRESSED_ NATURAL_ GAS_ INSTEAD_ OF_ LNG. asp, anchor: Venezuela pushing to supply compressed natural gas instead of LNG]

Is nationalization the real solution?

While Venezuela's socialist president sees rapid and widespread nationalization as the remedy for most of the country's ills, international observers see the country moving the way of many others that have also tried this route with little success.

Original source: Washington Post. Chavez, The 'Polite' Socialist

Venezuela and it's companions

The four largest countries in South America: Brazil, Mexico, Colombia and Peru have all held successful Presidential elections with moderates gaining power. Venezuela and other exceptions were not so lucky.

Original source: Washington Post. Venezuela's Satellites