Venezuela News

The Bolivarian Revolution is showing no sign of slowing. The elected presidential dictator of Venezuela, Hugo Chavez, has made numerous statements that their economy is based on oil priced at $40 per barrel. The price over the previous 12 months has been continually above that number and now has shown only slight resistance near $80 per barrel.

The government is still showing HUGE declines in productivity, health, and other infrastructure services. The petroleum industry has been heavily shifted from foreign investment and ownership/partnerships to hostile government takeovers, where the Venezuelan Oil giant PDVSA, now controls the industry. The profits, even at these well-over the projected national needs, still do not seem to satisfy the budget.

This number does not include the automatic procedure performed when customer service is not operating, said a source.

USA Role Under Spotlight in Venezuela Crisis with Colombia Former Venezuelan Defense Minister Predicts Colombia Victory if Venezuela Pushes War By Jeremy Morgan Latin American Herald Tribune staff CARACAS -- A former Venezuelan defense and foreign minister warned Thursday that his country could face defeat in a war with neighboring Colombia, and he ...

Lance Winslow Level: Platinum Greetings to Everyone, I am a retired Franchisor, Business Consultant, Philantropist and I run a Think Tank, as well as do a lot of Traveling, ... Back when oil was trading at above $150 per barrel, Hugo Chavez the President of Venezuela, made a deal with the Russians to buy $15 Billion worth of late model Mig Fighter ...

Colombia's government said on Thursday Venezuelan soldiers blew up two small pedestrian bridges that stretch across their border in the latest incident to test diplomatic ties between the Andean neighbors.

OBAMA and his vermin horde of socialists and eco-fascists have set us on a path similar to the hazardous road Chavez put his PEOPLE ON a decade ago.

With Venezuelan troops mobilised on the border with Colombia, and Peru accusing Chile of military espionage, bilateral tensions are once again flaring across Latin America.

An alliance between Iran and Venezuela is a necessity at this point in time according to Iranian President Mahmoud Ahmadinejad, Venezuelan officials said here Wednesday, AFP reported.

Venezuela has shown little interest in curbing the number of illegal flights hauling Colombian cocaine from its territory for the United States and Europe, a U.S. official said on Wednesday.

Venezuelan President Hugo Chavez said on Wednesday the South American nation's unexpectedly high third-quarter economic contraction was due to its compliance with OPEC-mandated production cuts.

It was the second consecutive quarterly decline, with the economy dipping 2.4 percent in the April-June period after a small 0.3 percent rise in the first three months.

After five years of expansion, the Venezuela economy is in technical recession as Gross Domestic Product has declined over two successive quarters. The sharp 4.5 percent contraction in the third quarter follows a 2.4 percent drop in the second quarter of the year. The downturn shows that all the "economic engines" that drive growth and prosperity are not working properly. According to the Central Bank of Venezuela (BCV), consumption fell 4.8 percent in the third quarter; investment plummeted 14.5 percent; exports plunged 48.5 percent, whereas government spending is kept afloat with a 2.6 percent increase, the smallest gain in the last seven years...

Politics Venezuela is one of the world's most corrupt countries and the worst in Latin America after being ranked 162nd.

Note: The Transparency International study can be found at: http://www.transparency.org/policy_research/surveys_indices/cpi/2009

Washington's state department is not known for its mischievous or whimsical statements.

But it's hard to imagine what else but a talent for amusement could have motivated department spokesman Ian Kelly to offer United States mediation between Venezuela and Columbia, where there are rumblings of an impending war.

After all, it is Colombia's recently signed deal allowing the Americans to use seven Colombian military bases that has brought Venezuela's always excitable leader, Hugo Chavez, to a pinnacle of mouth-frothing paranoid rage.

Venezuela on Tuesday announced a surprisingly large third-quarter economic fall, shocking analysts and leaving the South American oil exporter's economy on course for a bigger contraction then previously thought in 2009.

The government supports the construction of an ethanol plant in El Zulia, a city in northeast Colombia near the border with Venezuela, to help families affected by Venezuelan restrictions on sugar cane sales, President Alvaro Uribe said.

Esther Benchimol de Roffe arrived in Venezuela as a young bride, leaving northern Morocco more than 50 years ago to meet her groom in a prosperous foreign land.

It has taken Venezuela by storm, but it seems that Facebook and other social networking sites also come with their perils.

Mon Nov 16, 11:21 pm ET CARACAS, Venezuela A Venezuelan commander contends Colombia wrongly detained four of his soldiers last week along the border separating the South American nations.

The Iranian minister of industries and mines says Iran plans to produce 16,000 vehicles at its Venezuelan car plant in the coming year.