Chavez to nationalize US owned oil rigs, page 1
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Topic started on 1-7-2010 @ 08:06 AM by dizzie56
www.breitbart.com...

Is he trying to start a fight? Nationalizing your own countries crap is one thing that a dictator does, but to take our stuff is another. I dont agree with either but this is taking things a bit to far. Anybody wanna guess the outcome of this? I doubt war but sanctions maybe? Embargo? How much you wanna bet Obama doesnt do anything about it?


reply posted on 1-7-2010 @ 10:31 AM by sdcigarpig
Originally posted by Aggie Man
CARACAS, Venezuela – Venezuela's government has seized control of 11 oil rigs owned by U.S. driller Helmerich & Payne, which shut them down because the state oil company was behind on payments.

Oil Minister Rafael Ramirez announced that Venezuela would nationalize the Tulsa, Oklahoma-based company's rigs. He said in a statement Wednesday that Helmerich & Payne had rejected government demands to resume drilling operations for more than a year.


news.yahoo.com...

Hmmm, the oil company was behind on payments and rejected demands to resume drilling. I have no problem with Venezuela seizing assets to pay debt owed. I have zero sympathy for the oil industry.

Ah, but there is the key words there in the article: The state run oil company was behind on its payments. So the taking of those rigs were illegale in nature, kind of like you being behind in say your electric bill, so you take over the electric company.


reply posted on 1-7-2010 @ 10:36 AM by MonteroReal
Originally posted by Aggie Man
CARACAS, Venezuela – Venezuela's government has seized control of 11 oil rigs owned by U.S. driller Helmerich & Payne, which shut them down because the state oil company was behind on payments.

Oil Minister Rafael Ramirez announced that Venezuela would nationalize the Tulsa, Oklahoma-based company's rigs. He said in a statement Wednesday that Helmerich & Payne had rejected government demands to resume drilling operations for more than a year.


news.yahoo.com...

Hmmm, the oil company was behind on payments and rejected demands to resume drilling. I have no problem with Venezuela seizing assets to pay debt owed. I have zero sympathy for the oil industry.


In fact, it was PDVSA the one who bas behind payments, no the US one.

Im Venezuelan, here almost all the gov-owned industries are behind payments, in my city where the gov nationalized all the big ones they are all in the same situation, and even when they dont pay they demand to you to work and work, if you dont work without payment is because you dont love the country, you are bad, you are part of a conspiracy, you work for the cia, you are an evil capitalist, blah blah blah, and of course, in a lot of that cases the gov solution is to take the other, and then is a chain over and over again.
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