Article

2007-01-15 Caribbean-Latin America

Chavez to nationalize Venezuelan energy sector

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by ed 2007-01-15 07:11|| || Front Page|| [2 views since 2007-05-07] Top

#1 Rig timed thermite grenades to every critial node within the refineries and get everybody out of there.

Posted by Besoeker 2007-01-15 08:20|| 2007-01-15 08:20|| Front Page Top

#2 IIRC Citgo's oil is mostly refined in the US.

Posted by Frank G">Frank G 2007-01-15 10:13|| 2007-01-15 10:13|| Front Page Top

#3 They nationalized their oil industry 50 years ago and it took 30 years to recover. It will never recover this time (resource is finite and damage to marginal part of the resource is generally permanent.)

Posted by Glenmore">Glenmore 2007-01-15 10:17|| 2007-01-15 10:17|| Front Page Top

#4 51% is just the first move. I'll wager that they will simply confiscate the remainder of the interest in the next 10 years. This should do wonders for their stock market, and foreign investment.

Posted by bigjim-ky 2007-01-15 11:14|| 2007-01-15 11:14|| Front Page Top

#5 Seize the refineries in the US to repay the value of the seized assets. Seems fair to me.

Posted by Rob Crawford">Rob Crawford 2007-01-15 12:14|| http://www.kloognome.com/]">[http://www.kloognome.com/] 2007-01-15 12:14|| Front Page Top

#6 What Besoeker said.

Posted by USN, Ret. 2007-01-15 14:39|| 2007-01-15 14:39|| Front Page Top

#7 Naw, CITGO refineries and other assets will fall into capable hands over the next several years. It's the way of the market.

Man, I gotta get me a Che/Adam Smith Tee shirt.

Posted by Shipman 2007-01-15 17:05|| 2007-01-15 17:05|| Front Page Top

23:42 anonymous5089
23:22 Barbara Skolaut
23:19 Daryl Fatwa
23:10 Art
23:10 USN, ret.
23:03 ed
23:02 USN, ret.
22:47 Barbara Skolaut
22:45 Lancasters Over Dresden
22:44 Lancasters Over Dresden
22:43 Lancasters Over Dresden
22:41 Barbara Skolaut
22:38 Lancasters Over Dresden
22:32 Daryl Fatwa
22:30 Omeaque Ulinetle3034
22:28 SwissTex
22:25 Gratle Slainter7968
22:19 CrazyFool
22:19 Sock Puppet of Doom
22:16 RD
22:14 Eric Jablow
22:13 Scully
22:11 TZsenator
22:09 Eric Jablow