ZNet: Big Oil and Big Media V. Hugo Chávez (6/30/07) by Stephen Lendman
On June 27, the New York Times and Wall Street Journal vied for attention with feature stories on oil giants ExxonMobil and ConocoPhillips "walking away from their multi-billion-dollar investments in Venezuela," as the Journal put it, or standing "Defiant in Venezuela," as the Times headlined. Both papers can barely contain their displeasure over Hugo Chávez wanting Venezuela to have majority ownership of its own assets and no longer let Big (foreign) Oil investors plunder them.... That's how it should be, but it can't stop the Journal and Times from whining about it.
Lendman contrasts how "the Wall Street Journal, New York Times and the rest of the dominant U.S. media shamelessly denounce Hugo Chávez for his courage and honor doing the right thing" with "their silence, and effective complicity, on what will be one of the greatest ever corporate crimes"—being the U.S. demanding its "puppet Iraqi parliament...pass its new 'Hydrocarbon Law' drafted in Washington and by big U.S. and UK oil companies."
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