Changes

In typical socialist rhetoric, Chavez made wild claims to fund the government by nationalizing foreign assets. Typical reasons included accusing companies of environmental damage and exploiting its workers. In 2010 alone, Chavez seized 195 companies.<ref>[http://english.eluniversal.com/2010/10/20/en_eco_art_a-total-of-195-busin_20A4631291.shtml A total of 195 businesses has been seized in 2010, El Universal, October 20, 2010]</ref> Spanish-owned farm supply and U.S.-based Ohio bottle company were recently taken over. Other recognized multi-national companies such ExxonMobil, steel maker Sidor, cement company CEMEX fell to the same fate.<ref>[http://wellsy.wordpress.com/2010/10/26/chavez-takes-over-venezuelan-plants-of-oh-company/ Chavez takes over Venezuelan plants of OH company, Wellsy's World, October 26, 2010]</ref> Venezuela is supposed to compensate the companies but nobody expects Chavez to provide other than peanuts for assets he steals.

In typical socialist rhetoric, Chavez made wild claims to fund the government by nationalizing foreign assets. Typical reasons included accusing companies of environmental damage and exploiting its workers. In 2010 alone, Chavez seized 195 companies.<ref>[http://english.eluniversal.com/2010/10/20/en_eco_art_a-total-of-195-busin_20A4631291.shtml A total of 195 businesses has been seized in 2010, El Universal, October 20, 2010]</ref> Spanish-owned farm supply and U.S.-based Ohio bottle company were recently taken over. Other recognized multi-national companies such ExxonMobil, steel maker Sidor, cement company CEMEX fell to the same fate.<ref>[http://wellsy.wordpress.com/2010/10/26/chavez-takes-over-venezuelan-plants-of-oh-company/ Chavez takes over Venezuelan plants of OH company, Wellsy's World, October 26, 2010]</ref> Venezuela is supposed to compensate the companies but nobody expects Chavez to provide other than peanuts for assets he steals.

Through Venezuela's state-owned petroleum industry and membership in [[OPEC]], Chávez used powers granted to him by Parliament to increase oil prices, adding revenue for the Bolivarianist projects. Countries such as the United States have criticized Chávez for the increase in cost for crude oil.  Chavez was at the forefront of wanting to set crude oil prices at $60 a barrel minimum, according to the ''Asia Times''<ref>[http://www.atimes.com/atimes/Global_Economy/HL07Dj01.html ''Bush, OPEC and Chavez of Arabia''], Pepe Escobar, Asia Times, 7 December 2006.</ref> The state-owned oil company PDVSA is estimated to have spent in excess of $120 million sponsoring the [[Formula 1]] team, Williams F1, so that they would give the Venezuelan Pastor Maldonado a seat.

Through Venezuela's state-owned petroleum industry and membership in [[OPEC]], Chávez used powers granted to him by Parliament to increase oil prices, adding revenue for the Bolivarianist projects. Countries such as the United States have criticized Chávez for the increase in cost for crude oil.  Chavez was at the forefront of wanting to set crude oil prices at $60 a barrel minimum, according to the ''Asia Times''<ref>[http://www.atimes.com/atimes/Global_Economy/HL07Dj01.html ''Bush, OPEC and Chavez of Arabia''], [[Pepe Escobar]], ''Asia Times'', 7 December 2006.</ref> The state-owned oil company PDVSA is estimated to have spent in excess of $120 million sponsoring the [[Formula 1]] team, Williams F1, so that they would give the Venezuelan Pastor Maldonado a seat.

===Domestic===

===Domestic===