Oil Workers Strike Shocks Venezuela Supply
Oil workers in Venezuela go on strike disrupting one of the United States top three oil suppliers raising the risk of higher gasoline prices for American consumers.
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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Mar 04, 2000
Page
5
Oil workers in Venezuela go on strike disrupting one of the United States top three oil suppliers raising the risk of higher gasoline prices for American consumers.
Thousands of oil workers walked out in Venezuela delaying exports from PdVSA, prompting a government contingency and National Guard presence. Analysts warn prolonged disruption could push global oil prices higher amid nine year highs, risking fuel costs for U.S. consumers.
Union leaders said about 60,000 workers joined a strike while talks proceeded toward a preliminary accord for a new labor contract. Oil accounts for roughly three quarters of Venezuela's export earnings, with exports totaling about 2.72 million barrels per day.
Gen Augusto Pinochet lands in Santiago after 16 months in Britain, greeted by thousands as supporters cheer. Opponents vow to prosecute for human rights abuses during his 17 year rule, while a vigil by dissidents underscores Chile’s deep divisions.
A concise timeline marks key events on March 4 including the 1789 U.S. Constitution going into effect and the first Federal Congress in New York, Vermont joining statehood in 1791, the 1925 radio broadcast of Coolidge’s inauguration, and other milestones through 1999 including the Blackmun death.
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