Archive for June 19, 2007

Atlas Shrugged in Venezuela and PDVSA

Atlas ShruggedI have been on a quest to complete the book “Atlas Shrugged” and was floored by the similarities with activities in Venezuela.

Chavez has nationalized all of the United States oil production facilities and fired huge amounts of employees of PetrĂ³leos de Venezuela S.A. (PDVSA) – amounting to nearly all of the leading free thinkers in the oil and gas industry. Chavez funds his political regime with the money from PDVSA, yet takes away from the capitol needing to sustain and improve the oil company. Thus a decline in production is eminent with blame going to sabotuers and detractors of the government.

He is a “Washington Man” for sure – He even creatively suggested that the American oil companies that got Nationalized owe back taxes to the tune of their assets. Also he has suggested paying them for any leftover assets with coupons that allow them to be bidders in the new Venezuala oil ventures. I am sure they are jumping at the chance.

It is amazing how this corelates to the takeover of the people in Atlas Shrugged… and we are watching it real time. The media channels are gone (Now the poor that had TV can’t hear the viewpoints expressed on RCTV). I just hope the interenet can save them. If you are in Venezuala and can blog…. do it. Let people hear your voice. Don’t go silently.

Also, if you have read the book (Atlas Shrugged), there is an essay contest at the Ayn Rand Institute worth the following:

FIRST PRIZE: $10,000
3 SECOND PRIZES: $2,000
5 THIRD PRIZES: $1,000
20 FINALISTS: $100
20 SEMIFINALISTS: $50

June 19, 2007 at 7:30 pm 1 comment


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