Oil Soars on Iraqi Move, Venezuela Fears

yahoo.com ^ | Apr 8, 2002 7:05 AM ET | Tom Ashby - Reuters

[The Great Satan]

It's apparent you believe Venezuela's oil belongs to the oil companies, not to Venezuela.

Damn straight, it does.

[biblewonk]

I seriously doubt that Saudi will backfill any oil production cut by their fellow muslim countries. Saudi gave us the taliban. The oil princes love american money but the rest of the people of Saudi don't like us at all. If the oil family tries to backfill they will be stabbing their own people and all the rest of the muslims who hate us in the back.

[biblewonk]

Does anyone think Bush will continue to back Israel? He is trying to babysit the economy and not make the mistakes his dad did. Supporting Israel is counter productive to our economy and the media knows it. Watch the Media turn on Isreal and try to force Bush to do the same.

[Kakaze]

" its time to stop buying middle east oil... "

Heres a thought.......Why doesn't "dubya" come out with a JFK type plan like apollo?

We announce that all these mexicans that want work can have it : in ANWAR!

Build the rigs the infrastructure and use OUR own resources to build our future, while at the same time expanding tax credits for solar and wind power......and yes nuclear power.

We got to the moon in ten years...we can power ourselves in the same amount of time or less!

If it means we sacrifice for a few years so be it....this is war, plant a victory garden tighten your belt and act like Americans.

[biblewonk]

We got to the moon in ten years...we can power ourselves in the same amount of time or less!

Yes we did and yes we could, and it would be fun too.

[Osinski]

Yeah, well I don't want to hear your bitchin when your chip implanted kids belong to the state.

[MeekOneGOP]

Or, in plain English, 'entrepreneurs' or 'capitalists'........

Another word for scumsuckin' thievin' international oil companies. It's apparent you believe Venezuela's oil belongs to the oil companies, not to Venezuela. Not to worry your pretty little head about it. It's already been decided that if President Chavez doesn't want to go along with this arrangement, he can have a tragic fatal "accident", and a president more in keeping with the wishes of big oil will be brought in in his place.

My opinion is that the free market is the most efficient method, you know "the invisible hand?"
Perhaps my knowledge of politics and the oil industry in Venezuela are weak, but my post was
intended to convey that the free market should be allowed to operate. If that wasn't clear, then I
hope this will clarify that.

PS: My head's not to purty anyway...
:O)

[SamAdams76]

It's apparent you believe Venezuela's oil belongs to the oil companies, not to Venezuela.

It seems to me that if Venezuela is going to allow the oil companies to expend their capital to drill these oil wells and build all the facilities that go with it, that yes, the oil companies do have a right to that oil. It requires an enormous amount of capital to get an oil well producing and a lot of oil needs to be pumped out before this investment is paid for. If Venezuela has a problem with this, they should have done it themselves. As it stands, I'm sure Venezuela is well compensated by the oil companies for the use of their resources and they apparently didn't even have to put any money up front (I'm just assuming on that last point because if Venezuela had the capital to do it themselves without involving US corporations, they would have done so).

[Free the USA]

Check the Bump List folders for articles related to and descriptions of the above topic(s) or for other topics of interest.

[The Great Satan]

Yeah, well I don't want to hear your bitchin when your chip implanted kids belong to the state.

Deal.

[Redcloak]

Time for Russia to step in and fill the gap. That would be good for them and good for us. They get hard currency and we get a more reliable source of oil. We also get to stick it to the Arabs.

[SamAdams76]

We got to the moon in ten years...we can power ourselves in the same amount of time or less!

Good post. I also believe it is possible to eliminate our dependence on Middle East oil if we commit to it as a nation in the same manner we committed to landing on the moon back in the 1960s. It would be priceless to see the reaction of the Middle East to such a proclamation!

As well, it would be nice for the United States to start paying more attention to its neighbors (like Mexico) and give them a chance to become wealthy nations. Make Mexico successful and our current border/immigration problems with them will be resolved.

[hchutch]

I'm hoping for a fatal "accident" myself, but not over the oil issue.

Instead, it's due to Mr. Chavez's support for FARC, which has threatened to run terrorist operations against targets in the U.S.

[Kakaze]

Sam, It would be great to turn a generation of immigrants into educated, soundly employable Americans..it would give us all a boost and its how this country was built to begin with.......Irish german Chineese and some I'm sure i forgot built our railroads.

I think part of the pay would be 5 years and you and your "Immediate" family....wife and original kids...are full citizens.

From other post today we are giving enough welfare and banking privledges, plus now state college tuition away....Wouldn't it be a good thing for this generation to know they made a difference?

[Osinski]

So because the lumber companies have the equipment to harvest your timber, they own it and dictate the amount they will pay you for it?

[Cincinatus' Wife]

It's apparent you believe Venezuela's oil belongs to the oil companies, not to Venezuela.

The oil is in Venezuela and Chavez's government takes the lion's share while the companies do the hard work of getting it out of the ground. It wouldn't do Chavez much good if it sat in the ground.

[Cincinatus' Wife]

The oil princes love american money but the rest of the people of Saudi don't like us at all.

The clerics have the people at their command while the princes have the money from oil sales.
It wouldn't serve the princes to annoy the clerics. So it is a wait and see situation.

[Cincinatus' Wife]

****Russia and Norway, which both agreed to join OPEC in crude supply curbs, said on Monday it was too early to reconsider the policy now. ****

[buffyt]

True! Know what? I noticed you had some typos and that is fine. I make typos all the time, too. No big deal. But there is one freeper who will write a nasty reply about our spelling. I am thinking that freeper is some kind of lonely, sad, pathetic, bitter old man who needs to chill out!!!! & he needs to get a life too. I see all kinds of typos, puncuation errors, etc. here and I don't care. My sister is brilliant and she can't spell worth a whit! Reading her letters is wild! Seems like the smarter a person is, the more mistakes he/she makes in writing. And the morons always find fault with the smart ones anyway....