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Chavez seizes foreign oil projects
n2sooners
follow
7
2-27-2007 10:45 AM
725 views
tags:
politics
,
oil
,
venezuela
,
chavez
4 Comments
|
Add a Comment
2-27-2007
1:02 PM
lonely_planet
In other news....Bush and co sieze Iraqi Oil, after obliterating nation.
2-27-2007
10:51 PM
bferman
If we're seizing Iraqi oil, how come our gas prices are still so high?
2-27-2007
10:54 PM
UpStateMike
We're using the money to implant democrats with tiny gps devices
2-27-2007
11:12 PM
n2sooners
You see, they thing letting the oil companies help in the distribution of oil is exactly the same as a dictator stealing by declaring himself 60% owner of someone else's property.
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/83afed0b-a1dd-4e8a-9834-e9e9f92096fa/7DFDA55D-2A54-4DAE-8BA0-2CB57D575BBD/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://news.yahoo.com/s/ap/20070227/ap_on_re_la_am_ca/venezuela_oil_nationalization" href="http://news.yahoo.com/s/ap/20070227/ap_on_re_la_am_ca/venezuela_oil_nationalization" style="font-size: 11px;">news.yahoo.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/ap/20070227/ap_on_re_la_am_ca/venezuela_oil_nationalization"><P> CARACAS, Venezuela - President Hugo Chavez ordered by decree on Monday the takeover of oil projects run by foreign oil companies in Venezuela's Orinoco River region. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/ap/20070227/ap_on_re_la_am_ca/venezuela_oil_nationalization"><P>He said Monday that has decreed a law to proceed with the nationalizations that will see state oil company Petroleos de Venezuela SA, or PDVSA, taking at least a 60 percent stake in the projects.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/ap/20070227/ap_on_re_la_am_ca/venezuela_oil_nationalization"><P>By May 1, "we will occupy these fields" and have the national flag flying on them, he said.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/ap/20070227/ap_on_re_la_am_ca/venezuela_oil_nationalization"><P>Chavez did not detail how the government will pay for its increased share in the projects in which the companies are estimated to have invested some $17 billion.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/ap/20070227/ap_on_re_la_am_ca/venezuela_oil_nationalization"><P>Private companies pumping oil elsewhere in Venezuela submitted to state-controlled joint ventures last year, and few resisted because they were reluctant to abandon Venezuela, which has the largest oil deposits outside of the Middle East.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/7DFDA55D-2A54-4DAE-8BA0-2CB57D575BBD/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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