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VENEZUELAN PRESIDENT RAFAEL CALDERA WAVES TO SUPPORTERS, 1998-03-12 (photo)

IMAGE number
REU8125760
Image title
VENEZUELAN PRESIDENT RAFAEL CALDERA WAVES TO SUPPORTERS, 1998-03-12 (photo)
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Medium
photograph
Date
1998 AD (C20th AD)
Shooting Date
1998-03-12
Image description

Venezuelan President Rafael Caldera waves from his vehicle after his fourth annual address to Congress March 12. In a broad-ranging 40 minute speech, Caldera told Congress that Venezuela was better prepared than ever to withstand a crash in oil prices, which fell to nine year lows this week. Rounding on oil cartel OPEC, which Venezuela helped found, Caldera said its current quota system was outdated. Venezuela pumped 30 percent more than its 2.6 million barrels per day quota in February and plans to nearly double production over the next four years. VENEZUELA CALDERA

Photo credit
REUTERS / Bridgeman Images
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