Join the Socialist Party Join us today!

Printable version Printable version

Facebook   Twitter

Link to this page: http://www.socialistparty.org.uk/issue/282/24437

From The Socialist newspaper, 10 January 2003

Venezuela: Why The Oil Bosses Are 'Striking'

THE CORRUPT reactionary nature of the leadership of the anti-Chavez protests in Venezuela is shown by information recently sent to us by the CWI's correspondent in Trinidad.

THE 22 "strike leaders", all of whom are directors of the oil company PDVSA, each have an annual salary which averages out at US $643,000! The lowest-paid is Luis Ramirez who makes US $238,000 and the highest paid is Karl Mazeika who nets US $761,000 per annum.

This makes their average income 100 times greater than the income of the average Venezuelan - who earns US $4,760.

In 1976 PDVSA received US $9 billion for its operations and handed over US $7 billion to the Treasury. By 1995 its income had reached US $27.261 billion but the Treasury only received US $4.9 billion. In other words only 20% of income reached the government.

Could it be an accident that government proposals to reclaim this lost 80% of revenue - which are due to become law this month - have anything to do with the current attempt by the reactionary opposition to bring down the government?

Oil crisis

ONE OF the side effects of the crisis in Venezuela is a rise in global oil prices as output is affected in an important oil-producing area.

A war in Iraq would have even bigger consequences for the fragile economies of the Middle East and would also hit those of the USA and the rest of the Western economies.

The Washington-based Centre for Strategic and International Studies calculates that oil prices could soar up to $40 a barrel if the war in Iraq took up to four months.

For further coverage of the situation in Venezuela, see the CWI website www.worldsocialist-cwi.org

Why not click here to join the Socialist Party, or click here to donate to the Socialist Party.


In The Socialist 10 January 2003:

Economic crisis, war, attacks on public services

No to war with Iraq

Support the firefighters

Venezuela: Why The Oil Bosses Are 'Striking'

World Economy: The Crisis Deepens

USDAW executive elections

New Labour Claims We Live Too Long


 

Home   |   The Socialist 10 January 2003   |   Join the Socialist Party

Subscribe   |   Donate  




Related links:

Venezuela:

triangleA world in crisis, ripe for revolution

triangleBristol North Socialist Party: Venezuela - the battle to be faced by a Corbyn government?

triangleBirmingham Central Socialist Party: Venezuela - are the capitalists preparing a coup?

triangleCaerphilly and RCT Socialist Party: What are the lessons from Venezuela?

triangleHackney Socialist Party: Venezuela now, and its lessons for a future Corbyn government

Oil:

triangleMovement challenges Iranian regime

triangleMovement growing against fracking giant Ineos

triangleKurdish referendum declared illegal

triangleHurricane Harvey: A tragedy made far worse by capitalism

US:

triangleVictory! Trump's UK visit cancelled by fear of protests

triangleThem & Us

triangleWidening wealth gap, increase in poverty...make the fat cats pay

Government:

triangleTunisia: explosion of protests against government austerity

triangleUndercover policing legal challenge

International

International

17/1/18

Hong Kong

Stop repression in Hong Kong and China

17/1/18

Tunisia

Tunisia: explosion of protests against government austerity

10/1/18

Iran

Movement challenges Iranian regime

10/1/18

Appeal

Appeal from Iranian independent unions

10/1/18

Sweden

Sweden: School strike against deportations

3/1/18

Catalonia

Catalan elections: PP humiliated

13/12/17

Israel

Trump's incendiary Jerusalem statement reignites Israeli-Palestinian conflict

13/12/17

CWI

A world in crisis, ripe for revolution

6/12/17

US

Trump's tax plan: Robin Hood in reverse

6/12/17

Ireland

Irish capitalist state: rotten to the core

6/12/17

Women

Fighting sexism, violence and capitalism - an international struggle

22/11/17

US

Trump's tax attacks

22/11/17

Australia

Australia: massive yes vote for marriage equality

21/11/17

Zimbabwe

Zimbabwe: Mugabe gone - but his regime remains in power

15/11/17

Minneapolis

USA: Historic vote for Ginger Jentzen campaign in Minneapolis

triangleMore International articles...


Join the Socialist Party
Subscribe to Socialist Party publications
Donate to the Socialist Party

triangle17 Jan Corbyn's Labour needs 100% anti-cuts strategy and fight for democracy

triangle17 Jan NHS crisis: under pressure from all angles - end cuts and sell-offs!

triangle17 Jan We must fight all council cuts!

triangle16 Jan Home care workers to strike

triangle15 Jan Carillion crisis: Demand action to save jobs and services

triangle12 Jan Outrage against 'monster block' plan

triangle12 Jan Mini-strike wave continues and intensifies

More ...

triangle18 Jan Waltham Forest Socialist Party: How do we get Corbyn's policies into Waltham Forest council?

triangle18 Jan Southampton Socialist Party: Is there a global nuclear threat?

triangle18 Jan Swansea Socialist Party: Is there a threat of nuclear war?

triangle18 Jan Cardiff East Socialist Party: Building Socialism in Cardiff East

More ...

Socialist Party Facebook page
Socialist Party on Twitter
Visit us on Youtube

Archive

Archives:

January 2018

2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

1999

Legal

SP RSS feed RSS

Platform setting: = No platform choice

V2