Posted on 05/22/2008 4:23:21 PM PDT by buccaneer81
Just saw Maxine Waters trying to grill the oil company execs and end up falling flat on her well made-up face. She threatened to nationalize the oil industry, and admitted that she was a liberal and a socialist (shocking!) Shep Smith cut to the Fox reporter and asked how the remark about nationalization went with the execs. The reporter said that the chairman of Shell responded by comparing Maxine to Hugo Chavez. I'm loving it.
In the case of Shell. specifically, all they could take is that companies assets which are subject to the jurisdiction of the US (refineries, pipelines, terminals, production fields, etc.) Royal Dutch Shell would continue to operate, as a company all of their assets located internationally. They then could "fire" all US employee's w/o compensation, except as may be allowed under Dutch law.
Maxine Waters is an idiot who has not thought this through.
Inflation tops 22 percent in Venezuela, highest in Latin America January 2, 2008
How’s that nationalization of oil working out Chavez? All your wealth is going down the drain...
I’d vote “HUGO”....ethhhhpethially in pink tighthhhhs!
Nasty Pelosi is also one to threaten to nationalize the oil industry, and not even bat and eye.
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