Venezuela takes over 32 privately operated oilfields

cnews ^ | January 1, 2006 | na

[Ole Okie]

Kept those beautiful Cuban women rolling cigars in their thighs.

Gee whiz, I didn't know that.

Has anyone filled the impeached one in on this fact?

You can have my share of Cooban cigars.

[joesnuffy]

With Chavez in charge that should pretty much grind the economy to a halt..just like his guru Castro did to Cuba's economy...

Due largely to their incompetence, commie dictators can only run a business or a country by force.

[American Vet Repairman]

The people of Venezuela are idiots and deserve to have the resources stolen from them. Maybe in ten years they will wonder where the trillion dollars in profits went. While they are still in huts and shacks. If the USA wanted to destabilize Venezuela all they have to do is broadcast the financial profits every day and remind the people how piss poor they live.

[jess35]

They're applauding the move.

At least Exxon had the sense to sell out and not cave in.

The media refuses to call this what it is....nationalization. They're pretending the oil companies were happy to go along. What they're not mentioning is that Chavez can seize up to 90% of their assets while he's already declared he will levy higher taxes. The companies who cut a deal are probably hoping someone will whack Chavez before long.

[Malesherbes]

Venesuela exports mostly heavy, sour crude (like Mexico), and only a limited number of refineries in the US can process it.