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Empire_Engineer t1_j8j75is wrote

Reply to comment by GeneralNathanJessup in [OC] New Mexico Now Produces More Oil Than Mexico & Venezuela by latinometrics

I'm sorry you don't understand that the government is a national entity that can dedicate funds toward national benefit. The concept probably isn't lost on you for thinks like infrastructure and defense?

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GeneralNathanJessup t1_j8j9nc7 wrote

I do understand that. That's why I told you that Venezuela's government was the sole shareholder of PDVSA, Venezuela's national oil company.

Not only did Venezuela nationalize all the oil, they nationalized the food, agriculture, electricity, telecommunications, mining, manufacturing, and finance sectors of the economy. https://www.reuters.com/article/us-venezuela-election-nationalizations/factbox-venezuelas-nationalizations-under-chavez-idUSBRE89701X20121008

But you probably knew that.

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