Venezuela: Corporate Citizen No. 1

Venezuela's huge, U.S.-owned Creole Petroleum Corp. has developed a skill that few other companies in the world need to worry about. Continuously harassed by Communist sabotage, Creole has become so quick and adept at repairing its dynamited pipelines that the terrorists actually get defeatist about blowing them up. That skill, plus a line of Venezuelan government guardsmen stationed all along the pipelines, has kept Creole—which is 95% controlled by Standard Oil of New Jersey —operating as Venezuela's biggest business. It pumps 40% of the country's oil, provides 25% of the government's...

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