Monday, March 3, 2008

Former beauty pageant winner is succeeding where Venezuela President Hugo Chavez so far has failed

Alaska Governor Sarah Palin, a former beauty pageant winner, is succeeding where Venezuela President Hugo Chavez, a former paratrooper and military coup leader, so far has failed. Palin threatened to evict Exxon Mobil Corp., the world's biggest oil company, and partners BP Plc, Chevron Corp. and ConocoPhillips from a state-owned gas field, winning their promise to increase Alaska's natural-gas output 17 percent. She raised taxes on oil profits by $1.5 billion a year and rejected industry ownership of a $25 billion pipeline.

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