Venezuela seizes oil rigs owned by US company

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GuitarDaddy

Lifer
Nov 9, 2004
11,465
1
0
Do business with a snake and you will get bitten, deploy valuable assets in a snake pit and you wiil lose them.

IMO anyone who has been stupid enough to do business with Venezuela over the last 10yrs deserves what they get. I don't give a damn about Venezuela or Chavez they deserve each other, and the American Chavez haters are just pissed that they can no longer safely and reliablely exploit a third world country for profit.

And all the rightwingers that use any mention of Chavez to do some Obama bashing while stroking their dicks are just jealous of Chavez and his ability to completely dominate an entire population, they would gladly become his love slave bitches for just a taste of his power
 
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Nebor

Lifer
Jun 24, 2003
29,582
12
76
Who'll foot the bill for that, the Company whose shit was siezed?

I would imagine we would retake the oil rigs and then cease paying Chavez for the right to take the oil. So the Chavez would pay for it.
 

Jaskalas

Lifer
Jun 23, 2004
36,420
10,723
136
Freakin' garbage. I'll volunteer to go straight to Venezuela from Afghanistan. Chavez has lasted long enough.

Why? He can ride his people into the ground if he wants to.

As for our people. Anyone stupid enough to invest in Venezuela deserves the socialist love they're greeted with.
 

daishi5

Golden Member
Feb 17, 2005
1,196
0
76
Do business with a snake and you will get bitten, deploy valuable assets in a snake pit and you wiil lose them.

Did you read the article, the have done business in Venezuela for 50 years, the snake pit formed around their assets, they didn't put them in a snake pit.
 

daishi5

Golden Member
Feb 17, 2005
1,196
0
76
Learn when to pull out.

I admit, I don't know a huge amount about the oil industry, but I believe most of the value of the oil well is the hole in the ground. They cannot just take it with them.

I do seem to recall that HP moved the assets that it could out of Venezuela a few years ago when the nationalizations started, even though at that time it thought its assets were safe. So, I think they did pull out what they could.

The closest analogy I can think of is if you bought a house in detroit when it was nice, and the city fell apart around you. You can't just take your house with you. And even though it seems obvious that you will have problems with crime, it is still wrong when the criminal rob you.
 

halik

Lifer
Oct 10, 2000
25,696
1
81

Exactly what would any other US president be able to do about a sovereign country taking shit over that is inside their country?

Nothing like chickenhawk nonsense on Friday afternoon. I'm sure all you guys are lining up and ready to go to combat in Venezuela to avenge those precious oil rigs...
 
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Steeplerot

Lifer
Mar 29, 2004
13,051
6
81
What the hell do people expect, we have not got off oil. This shit will be happening more and more as we opened ourselves up to this with our idiotic energy policies.

But oh well, big oil corporations had to get even richer.

Please, those who wish to die for some CEOs oil profits, go for it!

Thin the herd of stupidity.
 

nonlnear

Platinum Member
Jan 31, 2008
2,497
0
76
It's about time people started to wake up to the reality that the largest risk in any investment is political. Strangely the financial crisis didn't teach that lesson to many people (at least not quite in the right way), so maybe we need a few more capricious seizures in the world to return some sanity to the corporate boardrooms if not to our government. There is just too much trust in the fantasy of "international law" going 'round these days. Sadly that misplaced trust resides in some very dangerous places. Lets just hope its foreign countries that are doing the seizing or the lessons learned may be moot...