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Archive Home > 2009 > January > 07 > Falling prices squeeze Chavez oil diplomacy

Falling prices squeeze Chavez oil diplomacy


January 7, 2009

CARACAS, Venezuela — Venezuela’s slumping oil earnings are starting to squeeze President Hugo Chavez’s public spending spree.

After state-owned Citgo Petroleum Corp. suspended a free heating oil program for poor Americans this week, some are now predicting a drastic....

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