Posted on 01/11/2017 3:02:10 PM PST by Clintonfatigued
Donald Trump’s pick for Secretary of State, Rex Tillerson, is a familiar name in Venezuela – and some are wondering if a decade-old feud will play a role in the bilateral agenda.
The longtime chief executive officer of Exxon Mobil became persona non grata among socialist Chavistas in the late 2000s, when he confronted then President Hugo Chavez as they negotiated compensation arrangements after the oil industry was nationalized.
“I don’t know if Tillerson will personalize his relationship with Venezuela or implement an institutional policy,” said Venezuelan analyst Luis Salamanca to FoxNews.com, also pointing out that the U.S. has nothing to lose.
“Today the United States need little from Venezuela, unlike Venezuela, which needs the cash payments of the oil it sells to the U.S.,” Salamanca said.
Things started to get bitter between Tillerson and Venezuela in 2007, when Chavez ordered the expropriation of 22 major multinationals operating in the country. In serious disagreement over the compensation amount, Tillerson took Venezuela to international arbitration court. He demanded to be paid based on the market value of the company assets in the country ($10 billion), not the “book value” that Chavez was offering ($1 billion).
But in a rare occurrence for the indestructible CEO, he lost. In 2014 Exxon settled for $1.6 billion.
“[Tillerson] took it very personal with Chávez,” said Ghassan Dagher, a Venezuelan oil industry consultant to the New York Times recently. “He fell into the trap completely.”
(Excerpt) Read more at foxnews.com ...
He may not be confirmed. Rubio McCain Graham are planning treason.
Rex Tillerson was proven right about the Hugo Chavez regime and its Socialist policies and now Venezuela is on the verge of complete collapse.
Will any of this come up during his confirmation hearing?
Our only relationship to Venezuela should be containment. Then normal engagement when they turn away from the path they are on.
Not confirming Tilerson will be the United States’ loss. He is an honorable, highly capable, tough and knowledgeable man.
He demanded to be paid based on the market value of the company assets in the country ($10 billion), not the “book value” that Chavez was offering ($1 billion).
But in a rare occurrence for the indestructible CEO, he lost. In 2014 Exxon settled for $1.6 billion.
He lost? He came out 600 million dollars to the good!
Trap my ass. The Venezuelan oil consultant stuff it.
He will be confirmed and will be a great SOS.
-PJ
You are absolutely correct. Go T-Rex.
And if he is antagonistic towards the socialist regime in Venezuela that's a big plus.
If Trump has no SOS does Kerry stay in until there is one?
Tillerson has a level of integrity that is left gut years ahead of Rubio, who does not even show up to work; McCain, who is an totally insane traitor and Lindsey, oh my.... These three are never-Trumper neocons. I wish we could be rid of them!
We should arm them. There are millions of decent people in Venezuela. Many of them voted stupidly, and now they know. They’ll be like Cubans one day. You be better off insulting their mothers than calling them socialists.
It’s sad that it took this kind of nonsense to remind everyone that socialists are thieving scum, but it did. It will get worse there.
You get what you vote for. The Vens all need to go pound sand down a democRAT hole.
A few bullets could liberate Venezuela and Cuba for that matter.
We should fire them. It still burns me how they HAD that bastard Chavez but they didn’t kill him while they had the chance and his loyalists rescued him and foiled the coup attempt.
Option “E”: It’s appeal is spreading.
“We should arm them.”
I disagree. People can not be saved from themselves. That’s true at all levels from the individual to the national.
They have to find their own way out of the hole they’ve dug themselves or they’ll never be whole again.
Encourage them? Sure. Offer moral support? Of course. Provide arms? That rarely works as intended.
I don’t see how it can get worse.
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