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2007-03-02 Caribbean-Latin America

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Posted by mrp 2007-03-02 07:22|| || Front Page|| [6 views since 2007-05-07] Top

#1 There are some American corporations that are amazingly hard-assed about their business dealings.

Many insist on totally transparent and honest contracts, and if anything happens, they have a walk away clause. But they will never, ever do business again with that other company, individual or nation. They don't care if it costs them much more to do it their way.

If Chavez decides to wholeheartedly rip off Exxon, then Exxon is under no obligation to play nice with Venezuelan oil. They might even rig the markets so that the value of Venezuelan oil drops to zero, because the price is far more than anyone wants to pay.

Venezuela might sell its oil at $5bbl, but by the time it reaches the spot market, it could be priced at $75bbl, and V could do nothing about it.

Posted by Anonymoose 2007-03-02 16:43|| 2007-03-02 16:43|| Front Page Top

#2 "a possibility that's keeping Venezuelan energy officials up at night"

If they're so damned worried about it, they're in a better position to do something about it than most.

IfyouknowwhatImean.

Posted by Barbara Skolaut">Barbara Skolaut 2007-03-02 16:43|| http://ariellestjohndesigns.com/page/15bk1/Home_Page.html]">[http://ariellestjohndesigns.com/page/15bk1/Home_Page.html] 2007-03-02 16:43|| Front Page Top

#3 Spike it before Oogo gets his hands on it and walk away.

Eff 'em.

Posted by Parabellum 2007-03-02 17:42|| 2007-03-02 17:42|| Front Page Top

#4 Don't know about the rest of you but I don't buy gas or anything else at Citgos anymore. Every little bit helps.

Posted by mac 2007-03-02 19:07|| 2007-03-02 19:07|| Front Page Top

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