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2008-02-14 Caribbean-Latin America

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Posted by Fred 2008-02-14 00:00|| || Front Page|| [11131 views ] Top

#1 He's not "cutting his own throat", he's pursuing his foreign policy objectives, even if they prove detrimental to his short-term cash flow. Jeez I hate Hugo just as much as everyone else, but it doesn't help anyone when we describe his actions like this.

Posted by gromky 2008-02-14 00:06|| 2008-02-14 00:06|| Front Page Top

#2 Exxon (XOM). The most profitable US company has frozen $12 billion assets

I suspect Exxon and the US Government fully anticipated Hugo's response and had numerous couses of action and OPEC member agreements quickly at hand. There really is not fixing stupid.

Posted by Besoeker 2008-02-14 06:46|| 2008-02-14 06:46|| Front Page Top

#3 hugo will meet the actual science of crude oil soon, see the above article on titan. Once the myth of oil as a fossil fuel is debunked, the work of actually locating it becomes far simpler. See my reply under the titan story. Hugo is leveraging aa myth out of his own inability to accept reality, socialism and crude oil as fossil fuel, are just plain stupid.

Posted by Spiny Gl 2511 2008-02-14 08:17|| 2008-02-14 08:17|| Front Page Top

#4 And don't forget that while Exxon is the front man, Uncle Sugar gets his cut.

Posted by Procopius2k 2008-02-14 08:29|| 2008-02-14 08:29|| Front Page Top

#5 Sounds great Spiny GI. I will start digging under my desk.

The oil must flow.

Posted by Excalibur 2008-02-14 09:57|| 2008-02-14 09:57|| Front Page Top

#6 Since Hugo has taken office oil production in Venezuela has dropped from 3.3 million barrels per day to 2.5 million barrels per day and continues to drop. This is where he has truly cut his throat.

The Exxon dispute is a smokescreen to hide the incompetence of his government and his economic policies.

Posted by DoDo 2008-02-14 11:43|| 2008-02-14 11:43|| Front Page Top

#7 Relax gromky,
that's 24/7 wall street's title, not Fred's.
And it just so happens that I agree with the sentiment. In fact, I couldn't agree more. Venezuela used to be a good friend to us before that skidmark took over.

Posted by Blinky Thusosh7431 2008-02-14 13:05|| 2008-02-14 13:05|| Front Page Top

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