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.
Damn straight, it does.
Or, in plain English, 'entrepreneurs' or 'capitalists'........My opinion is that the free market is the most efficient method, you know "the invisible hand?"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.
PS: My head's not to purty anyway...
:O)
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).
Instead, it's due to Mr. Chavez's support for FARC, which has threatened to run terrorist operations against targets in the U.S.
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.