Exxon Mobil and ConocoPhillips Say No to Chavez as Other Oil Players Comply

The Maritime Executive ^ | 6/28/07 | Joseph Keefe

[EagleUSA]

In a positive light, I think Chavez’ days are numbered. The world will slowly shut his insane communist ways.

[Red Badger]

Atlas is Shrugging, Wyatt’s torch is being lit.........

[AU72]

I think Chavez’ days are numbered. The world will slowly shut his insane communist ways.

That was supposed to happen to Castro by 1961.

[wastedyears]

I hope Navy SEALs are gearing up.

[EagleUSA]

That was supposed to happen to Castro by 1961.
::::::
The Cuban people should have been liberated decades ago — agreed...but Castro is not an economic threat nor an area political destabilizing threat, as Chavez is. Chavez has much more to lose than Castro. Niether one would represent any kind of loss to anyone, except the Hollywood elite who love communists....

[Camerican]

Only if Exxon and Connoco blow up their facilities on the way out the door. Not THAT would be something to see.

[Camerican]

Oops. “Not” = Now.

[Mr. Jeeves]

On Tuesday, Exxon Mobil Corporation and ConocoPhillips refused to comply with deadlines imposed by Venezuela and its leftist president, Hugo Chavez.

In a perfect world, the two corporations would hire a mercenary army and overthrow him. ;)

[Red Badger]

I know I set a few charges off before shutting down ops.......

[wayoverontheright]

Can someone explain to me why we don’t confiscate CITGO’s assets in this country to retaliate? Perhaps award them in some fashion to those who were robbed in Venezuela?

[Red Badger]

In a perfect world, the two corporations would hire a mercenary army and overthrow him. ;)

Like the United Fruit Company did?........

[BGHater]

Please keep the Dulles brothers out of this one.

[coconutt2000]

If oil companies and executives are so evil, how come Chavez is still alive? /sarc

[marron]

Venezuelan oil, representing a huge chunk of America’s current oil imports, is going away.

Its not really going anywhere. The only problem is that without foreign investment Chavez can't maintain his production rates, so they will not increase fast enough to keep up with demand, they may even go down. Venezuela is typically unable even to meet their OPEC quotas. Part of the reason Chavez is such an oil hawk is that he can't make his quota, so he hopes others will cut back to keep prices high on what he can produce.

Venezuela has no choice but to sell oil, they have nothing else. And as long as they sell it to someone, its the same as selling to us. The same customers are going to buy the same quantity of oil from someone, if one producer sells more to europe and less to us, or more to us and less to europe, makes little difference.

If Exxon does take Venezuela to court, they may wind up owning Citgo in any case. Chavez is incompetent, he knows not what he does. Probably its the cocaine.

[Red Badger]

....and Sister.......

[RightWhale]

That would not be necessary. Maintenance or lack thereof will accomplish the same thing sooner or later.

[Truth29]

I would hope you're right that Chavez's days are numbered, but he is forming an iron alliance with China and Iran with significant help from Russia. He could well have the same staying power as Castro, but with much more money and arms.

[Almondjoy]

That’s exactly what we should do.

[fireforeffect]

Democrat controlled congress?

Liberal controlled State Department?