Chavez is a price hawk and he, unlike most of the cartel members who are Middle Eastern, is basically asking the cartel to lower its output of oil so that prices will go up.
NPR: Venezuela's Chavez Calls for OPEC Production Cuts
This basically means much lower tax rates, like the Flat Tax programs that have been popular throughout eastern Europe.
FORBES: Raise Taxes And Cut Government Spending To Reduce Debt? Not Really
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