Very much as Chávez did, Maduro alleges that there is a massive international conspiracy against him. But, even with that state of affairs, opposition leaders were extremely careful not to suggest any plan of privatization because they knew that the oil industry was too sacred a national symbol to be tampered with.Ĭhávez is gone now, yet his hand-picked successor, Nicolás Maduro, has driven the country into chaos. Under Chávez’s tenure, PDVSA became a hub of rampant corruption. He did not miss any occasion to tell his followers that-were he to lose an election-his political opponents would privatize the national oil company. In fact, Chávez developed a strategy of fear-mongering regarding PDVSA. When Hugo Chávez was elected to power in 1998, this narrative was drilled into our brains even further. This was the narrative in Venezuela ever since Carlos Andrés Pérez’s government nationalized the oil industry in 1976. We finally had Petróleos de Venezuela, S.A. We should be grateful to live at a time when that is no longer the case, we were told. For too long-so we were told at school-foreigners took what had belonged to us. As children, we were taught to be proud that our country was blessed with this resource (though I always wondered why we should be so proud if we had oil by luck of the draw rather than through merit). Oil is one of our most important national symbols. I heard Osama bin laden shielded himself with one of his wives when his day of reckon was near.“ With the benefit of hindsight, we know that many lives could have been spared in bloody revolutions, if only these reformers were taken more seriously.”įor Venezuelans like me, oil is much more than just a fossil fuel.
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