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Venezuela goes for broke

IF YOU thought the fall in the oil price had dented the petro-nationalists' verve, think again. Last month President Hugo Chávez launched a new assault on private-sector and foreign energy firms in the country, seizing the assets of oil services companies and publishing a new expropriation law. "To God what is God's, to Caesar what is Caesar's," said Chávez, paraphrasing the word's of Jesus to announce the latest offensive against investors in the country's oil sector. "Today we say: to the people what is the people's." Oil services companies had endured a rough time in Venezuela even before the new law, giving the state majority control over their operations, was promulgated last month. Th

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