Ginny's Bloggity-Blog

Originally published at Twixel.net. You can comment here or there.

Venezuela Seizes Last Private Oil Fields - Examiner.com
President Hugo Chavez’s government took over Venezuela’s last privately run oil fields Tuesday, intensifying a struggle with international firms over the development of the world’s largest known petroleum deposit.

Oil Minister Rafael Ramirez declared that the Orinoco fields had reverted to state control just after midnight. Television showed oil workers in hard hats raising the flags of Venezuela and the national oil company over a refinery and four drilling fields in the Orinoco River basin.

Chavez, a strong critic of U.S.-style capitalism and a leader of the leftist movement in Latin America, planned a more elaborate celebration later on May Day, the international workers’ holiday, with red-clad oil workers, soldiers and a flyover by Russian-made fighter jets.

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Looks like Comrade Chavez is seriously pining for some twentieth century soviet style communism.