CBS Reports Chavezs
Push for Higher Oil Prices
Other networks ignore story, continuing
pattern of media apathy on South Americas socialist oil giant.
By Ken Shepherd
Business & Media Institute
June 1, 2006
The leader of the third largest oil supplier to the
United States wants the petroleum cartel to rig the price of oil by
cutting back on production. That greedy fat cat? Venezuelas
socialist president Hugo Chavez.
At the June 1 meeting of OPEC in Caracas, Chavez is
expected to continue pushing higher prices by calling for cutbacks
in production, correspondent Trish Regan reported on the May 31 CBS
Evening News. Rival programs Nightly News on NBC and ABCs
World News Tonight left the story out of their newscasts.
While Chavezs push to cut production
failed,
his designs on the windfall oil revenues for his socialistic regime
is far from a one-day story.
The Business & Media Institute has noted before how the
media have ignored or downplayed Chavezs
saber-rattling, including his use of oil profits to
fund socialist presidential candidates in South America,
how Chavez withdrew his state-owned oil companys American
subsidiary
Citgo
from oversight by the SEC, and how
Venezuelan oil profits
have been directed by Chavez towards beefing up his military.
