Shares of Hefty trash bag maker Pactiv Corp. jumped more than 20% on Monday morning following a Wall Street Journal report claiming the company is in talks with Apollo Global Management.

FORBES: Don't Expect Pactiv To Bag More Than $33

In fact Chavez has overseen a 22% fall in production since 1999, turning Venezuela into an OPEC bag carrier, certainly not a market maker.

FORBES: Chavez's Secret Election Weapon: Oil