Greg Palast dishes on the plot against Hugo Chavez

Venezuelan President Chavez once asked me why the US elite wanted to kill him. My dear Hugo: It's the oil. And it's the Koch Brothers – and it's the ketchup.

Greg Palast
Vaya con Dios, Hugo Chàvez, mi Amigo

Chavez himself told me he was stunned by Bush's attacks: Chavez had been quite chummy with Bush Senior and with Bill Clinton 

So what made Chavez suddenly "a dangerous enemy"? Here's the answer you won't find in The New York Times 

Just after Bush's inauguration in 2001, Chavez' congress voted in a new "Law of Hydrocarbons." Henceforth, Exxon, British Petroleum, Shell Oil and Chevron would get to keep 70% of the sales revenues from the crude they sucked out of Venezuela. Not bad, considering the price of oil was rising toward $100 a barrel. 

But to the oil companies, which had bitch-slapped Venezeula's prior government into giving them 84% of the sales price, a cut to 70% was "no bueno." Worse, Venezuela had been charging a joke of a royalty – just one percent – on "heavy" crude from the Orinoco Basin. Chavez told Exxon and friends they'd now have to pay 16.6% 

Clearly, Chavez had to be taught a lesson about the etiquette of dealings with Big Oil.

On April 11, 2002, President Chavez was kidnapped at gunpoint and flown to an island prison in the Caribbean Sea. On April 12, Pedro Carmona, a business partner of the US oil companies and president of the nation's Chamber of Commerce, declared himself President of Venezuela – giving a whole new meaning to the term, "corporate takeover. 

U.S. Ambassador Charles Shapiro immediately rushed down from his hilltop embassy to have his picture taken grinning with the self-proclaimed "President" and the leaders of the coup d'état. 

Bush's White House spokesman admitted that Chavez was, "democratically elected," but, he added, "Legitimacy is something that is conferred not by just the majority of voters." I see.

With an armed and angry citizenry marching on the Presidential Palace in Caracas ready to string up the coup plotters, Carmona, the Pretend President from Exxon returned his captive Chavez back to his desk within 48 hours....

See also Al Jazeera, Are these men Venezuela's next rulers? —
National Assembly speaker Diosdado Cabello and vice president Nicolas Maduro both have claims to the interim leadership, Elizabeth Melimopoulos