SassyIrishLass
Diamond Member
- Mar 31, 2009
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And you have no counter arguments. That's a good thing. Thanks!That's right. Thank you! And where was that oil revenue going? Take a wild guess? Too the people, where it was supposed to be going. But no, the U.S. wasn't having that. If you do a little bit of tiny research, that money kept the economy for a long time in good shape, "FOR THE PEOPLE". Was Chavez eccentric? Yes! But he took care of the people, until we intervened, because we weren't going to have Chavez overseeing a Socialist country that benefited the people.Venezuela seizes 60 firms
Venezuela has seized the assets of 60 oil service companies, paving the way for their nationalisation under a new law passed last week. The facilities seized on Friday included gas injection facilities owned by the US energy group Williams Companies, which are considered crucial for boosting oil output from the fields that produce Venezuela's most valuable crude. Hugo Chavez, the president of Venezuela, also sent troops to Ciudad Ojeda, an oil town on the shores of Lake Maracaibo, to seize oilfield service facilities including shipyards and hundreds of boats.
"We have started to nationalise all these activities connected to oil exploitation. This is a revolutionary offensive," Mr Chavez said from a confiscated boat sailing across the lake, according to Reuters. The move signals the president's willingness to expand government control over the industry, which produces 93 per cent of Venezuela's state revenues, as a short-term solution to the country's money woes. The nationalisation law, passed on Thursday, allows Caracas to pay for seized assets with government bonds.
Now, who do we blame for Venezuela's woes? Chavez! And yes, that's right. For a problem we created with the implementation of sanctions, and are still doing it; Four Effects of the Blockade Against Venezuela Why? Because they don't have the government we like.
And why did the prices fall? Take another wild guess? Sanctions crippled the country, because Venezuela didn't play ball like the Imperialist country instructed them to do. Their oil was worthless because we placed blockades on Venezuela; Four Effects of the Blockade Against VenezuelaThe national oil company, Petroleos de Venezuela (PDVSA), hurt by falling crude prices, stopped paying contractors for their services late last year and has been trying to negotiate much lower rates for drilling and well services, with the aim of cutting costs by 40 per cent. At the end of last year, PDVSA owed US$13.9 billion (Dh48.07bn) to suppliers, most of which remains unpaid. A number of contractors have responded by idling their rigs.
Oil production plunged because of our blockade.They seized the oil rigs and equipment..............Weren't good at production............and oil production plunged............
Yea, and they can thank the U.S. for paralyzing their operation, while the equipment freezes up for none use.They couldn't pay their bills............and didn't pay for the equipment stolen.............
I mean seriously, where do we get off by telling every Central and South American country what to do?
You're clueless
I deal in energy everyday in the markets. You're fucking clueless