{"id":313,"date":"2006-05-07T18:34:11","date_gmt":"2006-05-07T16:34:11","guid":{"rendered":"http:\/\/192.168.1.2\/en\/?p=313"},"modified":"2006-05-07T18:34:11","modified_gmt":"2006-05-07T16:34:11","slug":"hugo-chavezas-gift-to-opec","status":"publish","type":"post","link":"https:\/\/english.martinvarsavsky.net\/?p=313","title":{"rendered":"Hugo Chavez\u00b4s gift to OPEC"},"content":{"rendered":"<p>Hugo Chavez has recently been a very good OPEC member.  He\u00b4s been keeping oil production down.   But this reduction has not taken place because Hugo Chavez wants to be a good OPEC member.  The paradox of authoritarian leaders who nationalize oil production is that oil production <a href=\"http:\/\/www.eia.doe.gov\/emeu\/cabs\/Venezuela\/Full.html\">goes down<\/a> simply because they are bad at running their own, inefficient state oil companies.  And the price of oil goes up.  Personally I don\u00b4t believe that oil multinationals are the solution either.  The best way for a country to get the most for its citizens is to blend well regulated intervention by multinationals with a very good schooling of local energy professionals.  Rushed decisions a la Chavez simply fail.<\/p>\n<div id=\"mainphotoarea\"><\/div><div class=\"theme-buttons\"><div class=\"fb-like\" data-href=\"https:\/\/english.martinvarsavsky.net\/?p=313\" data-send=\"false\" data-layout=\"box_count\" data-width=\"71\" data-show-faces=\"false\" data-font=\"arial\" data-locale=\"en_US\"><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>Hugo Chavez has recently been a very good OPEC member. He\u00b4s been keeping oil production down. But this reduction has not taken place because Hugo Chavez wants to be a good OPEC member. The paradox of authoritarian leaders who nationalize oil production is that oil production goes down simply because they are bad at running [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[],"_links":{"self":[{"href":"https:\/\/english.martinvarsavsky.net\/index.php?rest_route=\/wp\/v2\/posts\/313"}],"collection":[{"href":"https:\/\/english.martinvarsavsky.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/english.martinvarsavsky.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/english.martinvarsavsky.net\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/english.martinvarsavsky.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=313"}],"version-history":[{"count":0,"href":"https:\/\/english.martinvarsavsky.net\/index.php?rest_route=\/wp\/v2\/posts\/313\/revisions"}],"wp:attachment":[{"href":"https:\/\/english.martinvarsavsky.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=313"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/english.martinvarsavsky.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=313"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/english.martinvarsavsky.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=313"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}