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Chavez (Venezuelan dictatar) Threatens Exxon
http://news.bbc.co.uk/1/hi/world/americas/4544390.stm ^
Posted on 12/20/2005 6:10:05 AM PST by soccer_maniac
By Sher Zieve Left-wing Venezuelan leader Hugo Chavez has told Exxon that if it does not enter into a joint venture with his country, it will lose its Venezuelan oil field concessions. Presumably, this would entail Exxon handing over controlling interest of its oil investments to Venezuela.
Other oil countries operating in Venezuela have already signed contracts with the Chavez government and been forced to turn over their controlling interests; as well as agreeing to be charged much higher taxes. Thus far, Exxon has refused the demands of the Venezuelan state. However, if the company fails to comply with Chavezs demands, Exxon risks losing its oil interests in that country.
TOPICS: Business/Economy; News/Current Events
KEYWORDS: chavez; exxon; oil; venezuela
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To: soccer_maniac
It's Cuba all over again.
2
posted on
12/20/2005 6:13:50 AM PST
by
massgopguy
(massgopguy)
To: soccer_maniac
Chavez needs a permanent "headache".
3
posted on
12/20/2005 6:14:58 AM PST
by
Dallas59
(“You love life, while we love death"( Al-Qaeda & Democratic Party)
To: soccer_maniac
His "gifts" of cheap oil to liberal US states don't look so cheap.
4
posted on
12/20/2005 6:17:18 AM PST
by
twigs
To: soccer_maniac
Why can't we overthrow this creep via coup...?
To: soccer_maniac
6
posted on
12/20/2005 6:24:57 AM PST
by
Vaquero
("An armed society is a polite society" R. A. Heinlein)
To: soccer_maniac
Venezuela is following the plot line of "Atlas Shrugged". Only problem is, there is no John Galt to pick up the pieces after the country's collapse.
7
posted on
12/20/2005 6:31:03 AM PST
by
6SJ7
To: soccer_maniac
A good sniper could end all this in a hurry.
8
posted on
12/20/2005 6:34:43 AM PST
by
reagan_fanatic
(Darwinism is a belief in the meaninglessness of existence - R. Kirk)
To: reagan_fanatic
Exxon will fold. The company would find it impossible to remove its investment in machinery, geology, etc.
To: 6SJ7
"Venezuela is following the plot line of "Atlas Shrugged". Only problem is, there is no John Galt to pick up the pieces after the country's collapse."
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>.........
Chavez is aligned with CHINA and IRAN which are much more important than CUBA. the chicoms will protect him and IRAN will collude with him on oil prices and keeping American oil co's out. With Canada's recent anti american stands and chicoms going after canada oil we see a strategy here to hold the oil gun to our head. very worrisome indeed.
10
posted on
12/20/2005 6:39:33 AM PST
by
ConsentofGoverned
(if a sucker is born every minute, what are the voters?)
To: soccer_maniac
So if he seizes Exxon assets can the US seize Venezuelan assets?
11
posted on
12/20/2005 6:46:05 AM PST
by
BJClinton
(Mommas don't let your babies grow up to be sheephearders...)
To: ConsentofGoverned
Whatever happened to the Monroe Doctrine?
To: soccer_maniac
Calling Teddy Roosevelt
13
posted on
12/20/2005 6:51:23 AM PST
by
colonialhk
(sooprize sooprize sooprize)
To: Cringing Negativism Network
Out of favor since she slept with Kennedy
14
posted on
12/20/2005 6:52:38 AM PST
by
colonialhk
(sooprize sooprize sooprize)
To: Eric in the Ozarks
Seizure of US owned assets doesn't go over too well in Washington. It's not like the US Gov't doesn't have any bargaining chips. Citgo is Venezuelan owned. I'm sure there are some serious discussions going on right now.
It will be interesting to see how this plays out.
15
posted on
12/20/2005 6:55:15 AM PST
by
dropzone
To: dropzone
The Venz will spin off Citgo and there are plenty of buyers, IE; Valero, BP, Hess, Koch, etc.
To: soccer_maniac
Other oil countries operating in Venezuela have already signed contracts with the Chavez government
Including,Citizens Oil, the oil company owned by the Kennedy family.
17
posted on
12/20/2005 7:00:03 AM PST
by
Beckwith
(The liberal press has picked sides ... and they have sided with the Islamofascists)
To: soccer_maniac
if the company fails to comply with Chavezs demands, Exxon risks losing its oil interests in that country.
Im siding with Exxon here.. i dont think they negotiate with terrorist.
To: soccer_maniac
I hope the libs didn't throw out their "No Blood for Oil!" signs yet.
No doubt they'll get another airing if it ever comes to blows with Venezuela.
To: soccer_maniac
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