LETTERS

04/24/2000
Future oil and gas investmentI have a brief comment regarding the recent 5-page article (OGJ, Apr. 10, 2000, p. 27) about Venezuela's New Constitution.In the late 1990s, Venezuela realized that it needed immediate massive external capital and technology-to overcome the failing infrastructures, halt falling production and find new "light crude reserves," and expand enhanced production capacity to meet ever-increasing national "dependency" on oil revenues. The only way it could be done, as smartly calculated by Dr. Luis Giusti and his hand-picked US educated fine management team, is to follow a so called "La Apertura" policy, i.e., to invite into the country those who once were kicked o...
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