Socialism works great!
Anyways, I do want the socialist/communist candidate to win in Mexico.
Go Obrador!
guess Gore dumped his shares too
Doogle
I wouldn't expect payment anytime soon. Can't squeeze blood from a turnip.
Lots of Luck to them. They are probably fortunate the expatriate staff wasn't imprisoned as well.
"..The crucial moment arrived when Colonel Qaddafi threatened to cut off supplies to Occidental Petroleum - and Occidental's chairman, Armand Hammer, could not convince the major oil companies, which had long regarded him as an unscrupulous price-cutter, to sell him non- Libyan oil. Occidental gave in to Libya's demand, and the rest of the dominoes soon fell..."
This will make it difficult to impossible to get financing from the normal sources, and most private companies will be very hesitant to invest, especially in the wake of seeing the same thing happen in Bolivia a month back.
Ecuador depends heavily on foreign investment, due to the malfeasance of its state oil company. They will need to attract foreign capital. As it happens, Chavez and the Chinese are sniffing around looking for bargains, and they may have just found one.
If Occidental can sue Ecuador, what about a class action suit against the Mexican government and it's war on our borders?
Yeah good luck collecting a dime from a dictator run state. If these petrolium companys were really smart, everytime they build a rig or a plant on foreign soil, they would rig it to explode once the state takes it over!