SubscribeChavez To Oil Firms: Be Nationalized Or Leave
From Al Jazeera:
Chavez warns major oil firms
Some major oil companies operating in Venezuela have rejected the terms for the enforced takeover of part of their operations by the state, the president says.
Hugo Chavez said late on Friday that if they did not accept the nationalisation deals ahead of Tuesday’s deadline, they would be told to leave.
Venezuela’s state oil company plans to take at least a 60 per cent share in four projects in the oil-rich Orinoco belt. Currently it has an average of about 40 per cent.
“It seems there are some transnational companies that do not want to accept [the terms],” Chavez said in a speech.
“Well if they do not want [to accept the terms], I told the minister to tell them they can go, that they should leave, that we, in truth, do not need them,” he said after a meeting with his energy minister to review the progress in negotiations.
“PDVSA [state oil company] is capable, we can do it, and we have enough allies in the world, we are not alone. We have plenty of allies in the world to make progress in the Orinoco oil belt.”
Exxon Mobil, ConocoPhillips, Chevron Corp, Norway’s Statoil, Britain’s BP Plc and France’s Total are the companies operating the targeted projects, which are valued at more than $30bn and are capable of producing 600,000 barrels a day.
The government has given the companies until Tuesday to agree to the terms of takeover of their assets in one of the world’s biggest oil reserves…
But he’s not a Communist dictator.
Just ask Cindy.
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13 Responses to “Chavez To Oil Firms: Be Nationalized Or Leave”
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June 23rd, 2007 at 12:23 pm
The oil companies should adopt a Scorched Earth policy like saddam did in Kuwait.
June 23rd, 2007 at 1:44 pm
Chavez and Don Corleone: Fungible characters.
June 23rd, 2007 at 2:50 pm
[...] Sweetness & Light Posted in Hugo Chavez, [...]
June 23rd, 2007 at 3:29 pm
Pour a couple of hundred thousand gallons of cement down the wellshafts…then dismantle and remove all the infrastructure, blow the roads and airstrips, and leave. Let that fat prick drill his own wells. Sure! He can, the chinese and the russians would be happy to assist. but at least it would take about six to ten years to get it up and runnning.
If I had my way, and there are wonderful reasons why I cant, I would introduce those petroleum digesting bacteria to the entire oil field through the test wells already drilled. They are anaerobic and would destroy the entire field in less than a decade, and the oil that could be recovered would be sludge. Screw that fat bastard. Let’s see how great he is if his chevron stations go dry. Asshat.
June 23rd, 2007 at 4:02 pm
SJ,
One carefully place shot would eliminate a lot of Ven. problems.
If Bush had any balls this would have happened a couple of years ago.
June 23rd, 2007 at 8:13 pm
Just set ‘em on fire. They ain’t got no Red Adair.
“You want the fires out? No problem. $500 billion. Per year.”
June 23rd, 2007 at 11:32 pm
That was my first thought.
What was the name of that oil tycoon in Atlas Shrugged who did just that when his business was nationalized? I keep thinking Richard Ellis, and I think that’s close, but I’m pretty sure that ain’t it.
June 23rd, 2007 at 11:35 pm
Ellis Wyatt? This seems to be on a parallel track: http://www.capmag.com/article.asp?ID=2393
June 24th, 2007 at 4:26 am
He’s allowing them the opportunity to leave rather than just “nationalizing” their fields at gunpoint?
I guess he hasn’t been paying much attention to his mentor Castro after all.
June 24th, 2007 at 8:50 am
Cool, Prof, I like it. I doubt it’ll affect Chavez, but it’s about time something like this happened.
Note that you won’t see much of this in our non-biased media….
June 24th, 2007 at 3:34 pm
Let me understand this.
Chavez is saying ! “Give me your oil operations and wells or I’ll take them” Huh?
What did farmers do when the enemy was coming?
They burned their crops and destroyed anything that the enemy could use.
Yes, the farmers lost their crops, BUT the enemy doesn’t get them either.
The people of all countries are the losers, including Venezuela.
So my answer to Chavez is: We will burn everything and leave you only fires and ashes !
June 24th, 2007 at 4:20 pm
Lookinig at that picture, if you put a gun in his hand with a remote control trigger…
June 24th, 2007 at 6:32 pm
That is a swell idea, OG. I was thinking that if his head was shaved and he had a shoe in his hand he would look just like Khrushchev did at the U.N. Or Curly from the Three Stooges.