Wikileaks: US cables state Chavez's oil industry in decline

By ASSOCIATED PRESS
December 11, 2010 16:57

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user uxperience almost completely free of ads
  • Access to our Premium Section and our monthly magazine to learn Hebrew, Ivrit
  • Content from the award-winning Jerusalem Repor
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

CARACAS, Venezuela — US officials detailed declining conditions in Venezuela's oil industry in memos released by WikiLeaks, saying the country's growing economic problems are taking a toll on President Hugo Chavez's popularity.

In one confidential document dated Oct. 15, 2009, the US Embassy said "equipment conditions have deteriorated drastically" since the government expropriated some 80 oil service companies earlier that year. It said safety and maintenance at the now state-owned oil facilities were in a "terrible state."

Another of the US Embassy reports, dated Jan. 22, 2010, and posted online Thursday, said that "mounting economic problems have contributed to a decline in Chavez's popularity" — a view supported by Chavez's lower approval ratings in polls, though he remains the country's most popular politician.

The January report noted that Chavez was looking to increase spending and "is betting that short term measures can delay the long term consequences of his ill-conceived policies."

Related Content

Breaking news
July 20, 2018
Turkey, Netherlands agree to normalize ties

By REUTERS