Rafael Ramirez says profits at Petroleos de Venezuela SA fell 28.8 percent in 2010 compared to 2009, despite an increase in international oil prices.

So what they meant to say is:

Jorge "the butcher" Chavez is pleased to report that his cousin "el presidente" Hugo Chavez managed to divert 28.8 percent more profits into the la familia coffers in 2010 as compared to 2009 due to the increase in international oil prices.

Jorge told the Venezuelan peasants on Thursday that there will likely be no electricity this year as "el presidente" Hugo Chavez has stepped up efforts to secure his retirement fund in response to reports of another planned coup attempt.

Hugo Chavez relies on oil income for about 68 percent of his personal expenses. Chavez hopes to increase profits by nationalizing Crystallex thus creating an increase in peasant mining activity, said Jorge.