http://www.gregpalast.com/detail.cfm?artid=296&row=0"If Exxon and Mobil can combine, and Texaco and Phillips, why not PetroBrasil and PdVSA?" Chavez asks, referring to the Brazilian and Venezuelan government operators.
Well, Hugo, you KNOW why not. I remember the story of Ferdinand Marcos' proposal to the Shah of Iran some years back. The Philippines dictator suggested to the Iranian despot that Iran go around the US oil giants and ship directly to the Philippines for refining and sale. The Shah pointed to his personal jet which brought him to Manila. "Do you see the plane that brought me here? Do you know who paid for it? And what do you think would happen to that plane if I were to adopt your suggestion?"
A proposal for a Latin OPEC is an invitation for a bullet. But that's Chavez' style. His assassins don't have to hunt him down; he looks for THEM. His attitude is, "take your best shot." And, as if to make the point, I'd noted he left the several bullet holes in the windows of the Presidential Palace from the last coup attempt (the one where he was held hostage under orders of a wannabe dictator, Pedro Carmona, chief of the nation's business confederation).
This year Chavez successfully rebuilt Venezuela's oil company after a devastating management strike and campaign of widespread sabotage at PdVSA plants and pumps. It has to infuriate Bush's oil patch buddies that Chavez restored Venezuela's output from near zero to 2-1/2 million barrels a day while, after the same eight month period, Generalissimo Paul Bremer still can't pump enough oil out of Iraq to fill a Humvee.