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Chavez To Nationalize Eleven US Oil Rigs

From a cheering Agence France-Pressee (AFP):

Venezuela govt to nationalize 11 US-owned oil rigs

Wed Jun 30, 2010

CARACAS (AFP) – Venezuela’s legislature has voted to nationalize 11 oil rigs owned by the US firm Helmerich & Payne.

The rigs, located in Monagas, Anzoategui and Zulia states, will be taken over by state oil giant Petroleos de Venezuela (PDVSA), the official news agency AVN said.

PDVSA had asked the legislature controlled by supporters of leftist [sic] President Hugo Chavez to take over the rigs after the US firm declined to negotiate a new service contract, unlike 32 other foreign firms

We suspect it’s more likely that Mr. Chavez is more worried Mr. Obama’s moratorium will apply to these rigs, and he wants to keep them from being taken out of production.

Still how many people will recall that President Eisenhower originally imposed the United States embargo against Cuba in October 1960, after Cuba nationalized about $850 million dollars worth of US citizens and corporations properties?

Mr. Obama, on the other hand, will probably give Mr. Chavez a commendation.

This article was posted by Steve on Wednesday, June 30th, 2010. Comments are currently closed.

6 Responses to “Chavez To Nationalize Eleven US Oil Rigs”

  1. AcornsRNutz says:

    Further proof that this current regime regards globalized governance as a noble goal. This country has robbed a foreign company and tainted the investigation around the conduct of said company to the point that no reliable information will be gleaned from the “independant panel”, and happened to taint the civil court cases that will be brought against BP in the future. And this is a BRITISH company. Now, we are allowing Venezuela to nationalize property owned by US citizens and a company composed thereof? Without so much as a peep from the slighthouse? This is lunacy.

    Looking on the bright side, this traumatic time in our history may serve to make us all better conservatives and Americans. IN our future we will regard every law, ruling, and executive action with the skeptical eye and wonder not just “what is this going to do today”, but also “what precedent is this setting?” All those incremental steps toward this that middle road conservatives tolerated in the past will with any fortune at all, be stricken down immediately and regarded as the first step toward a repeat of this calamity. I hope.

  2. Right of the People says:

    They should sabotage the controls on the rigs before they leave them. I’m willing to bet Chavez’s people won’t be able to get them running.

  3. JohnMG says:

    Is this not piracy? Where is the outrage?

    If illegal aliens are to be afforded constitutional protections without benefit of citizenship, why are US citizens denied protection of their property from foreign usurpation? In a by-gone era, Chavez would have had his ass kicked before the ink was dry on his order.

    Anyone care to bet how long it will be before Obama agrees to a long-term deal to purchase oil from Venezuela, extracted from the earth with purloined US equipment, and paid for with extorted US taxpayer dollars?

    Never mind. I know the answer.

    • proreason says:

      “Is this not piracy?”

      Hugo wouldn’t do this without first getting approval from our emperor, who no doubt views it as 11 fewer reasons to hate his domain.

  4. Chuckk says:

    Chavez is just trying to get them under his control before Obama nationalizes them.

  5. Georgfelis says:

    Another reason to use drillships instead of stationary rigs when drilling in an area like this. Pump the hole full of concrete and sail away.

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