And in true Jimmy Carter fashion, watch Zero do nothing about it.
Seizing property is what we do in this country. :)
Seizing American property?! That’s WAR!
I haven’t even heard this on FOX. Did I miss it, or has the msn missed it completely? This should be very big news.
None of our business Companies who choose to do business with Chavez better be well insured.
That is what happens when you do business with crooks.
Laim-stream Media FAIL,BUMP!
Reagan would send the Marines. Obama will send Chavez money.
War?
Don’t you just love that tough State Department talk.
“God, I could listen to it for hours” - Adolph Hitler
OMG!
“This is the latest in such an instance where ... investments are being nationalized by the government of Venezuela. It doesn’t speak or bode well for the investment climate there.”
This must be the Understatement of the Year.
And absurd because these rat-bastards should have their collective hiney literally whipped for their actions.
Plug the well and blow the rig.
That’s what happens when we have an effemiate powder puff for a president. Just like having Carter back, or worse.
.
This is an act of war.
I expect Obummer to apologize to Hugo for putting him in the uncomfortable position of having to seize an American company.
I feel like I live in bizarro world.
There. Fixed it.
CARACAS (Reuters) – Venezuela will nationalize a fleet of oil rigs belonging to U.S. company Helmerich and Payne, the latest takeover in a push to socialism as President Hugo Chavez struggles with lower oil output and a recession.
A former soldier inspired by Cuba's Fidel Castro, Chavez has made energy nationalization the linchpin in his 'revolution'. He has also taken over assets in telecommunications, power, steel and banking.
The 11 drilling rigs have been idled for months following a dispute over pending payments by the OPEC member's state oil company PDVSA. Oil Minister Rafael Ramirez said on Wednesday the rigs, the Oklahoma-based company's entire Venezuelan fleet, were being nationalized to bring them back into production.
Ramirez said companies that refused to put their rigs into production were part of a plan to weaken Chavez's government, "There is a group of drill owners that has refused to discuss tariffs and services with PDVSA and have preferred to keep this equipment stored for a year," Ramirez told reporters in the oil producing state of Zulia. "That is the specific case with U.S. multinational Helmerich and Payne."