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Article: Civil Strife in Venezuela May Lead to Higher Oil Prices in United States.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- December 21, 2002
CopyrightCOPYRIGHT 2002 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Kathleen Lynn, The Record, Hackensack, N.J. Knight Ridder/Tribune Business News
Dec. 21--Strikes and demonstrations in opposition to Venezuelan President Hugo Chavez threaten to strangle that nation's oil industry, and may lead to higher oil prices in the United States, said David Steele, a former oil executive and dean of Fairleigh Dickinson University's Silberman College of Business.
"There are constant demonstrations in the streets," said Steele, who was born in Venezuela and worked there from 1996 to 1999 as president of Chevron's Latin American division. "I believe there's going to be a change in regime." The general strike, which began ...