"But officials said the cancellation of Occidental's operating contracts and the seizure of its assets did not mean the Andean nation is nationalizing its oil industry."
You have to wonder about the intellect of someone who would ask such a question, or who would make such a suggestion.
Please explain exactly what you mean, Rockitz. I don't see what you are driving at. Be explicit.
seizing Occidental's facilities is probably acting to protect the intrests of free human beings anywhere....Considering the purpose of that companies existance.
The looters have started.........Ayn Rand, you were a profit......sic
Is there any way you can raise your points/concerns without the rancorous disrespect for the President? Honestly, this is the sort of crap that has really been getting out of hand lately and needs to stop.
This move by Ecuador and the actions of that Venezuelan nut-job Chavez does no bode well for foreign investment in that area. Without foreign investment, expertise and leadership, they'll never get out of the stone ages, especially with their vast supply of stones.
Oh? So IOW they're going to hold it for ransom?
Equador isn't inside the borders of this country.
How does Bush have anything to do with what goes on in Equador?
Occidental Oil is Al Gore's cherry pie!
You're right. Hillary for President!
Yep, that gets you a lot of respect in political discussion.
Acting decisively by stopping negotiations that were basically stalled since last month.
He has done considerably more in addressing the border situation and has been working on it for months.
Your comments are dishonest.
One of the biggest black eyes the Bush legacy will have is the way we fell asleep while Chavez turned Latin America communist/socialist. Why do we wake up only after disaster strikes?
Ecuador is committing suicide. Their own state oil company can't maintain production or pay its own workers and contractors, despite the fact that it reserves for itself the choicest oil properties.
Ecuador is completely dependent upon the taxes and royalties paid by private oil companies, who generate most of Ecuador's income despite the fact that they are only allowed to bid on lower quality oil fields.
Under pressure by leftist political action groups, and riddled from within by Chavists, the government has sought to relieve the pressure by striking out at its main source of income. It won't work, though. Once the Chavists smell blood in the water, they will only grow more aggressive, not less so.
This is rather childish.