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'''Current Version'''

Venezuela is a major producer of oil products, which remain the keystone of the Venezuelan economy. Chávez has gained a reputation as a price hawk in [[Organization of the Petroleum Exporting Countries|OPEC]], pushing for stringent enforcement of production quotas and higher target oil prices.  At a June 2006 meeting, Venezuela was the only OPEC country calling for lowered production to drive oil prices higher. Industry analysts say Venezuela wants lower (contracted; show full)

Critics state that unemployment levels have not dropped enough, considering the massive oil windfall, and that the job creation may not be permanent.  Some social scientists mistrust the government's reported poverty figures, based on contradictory statistics and definitions, and some economists report insufficient economic growth and continued repression of the economy.

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