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**Matt W** · Dec 20, 2005, 01:45 pm

http://news.bbc.co.uk/1/hi/world/americas/4544390.stm

Quote:

Venezuela has given the world's biggest oil company, ExxonMobil, until the end of this year to enter a joint venture with the state.

Failure to do so will almost certainly result in Exxon losing its oil field concessions in the country.

Venezuela's socialist government has now signed new agreements with almost all foreign petroleum companies.

After months of pressure from left- wing leader Hugo Chavez most foreign oil firms working there have caved in.

They have agreed to hand over a controlling stake of their oil interests to the Venezuelan state.

This means that Venezuela, which has the world's largest petroleum reserves, now calls the shots in what the foreign guests can and cannot do.

Sounds interesting....and probly what S.America needs to get back on its feet.

Protostar · Dec 20, 2005, 02:08 pm

I agree with what they are doing, even though I despise socialism. Their country, their rules.

gr8fuldaniel · Dec 20, 2005, 02:22 pm

Quote:

Quote by: Matt

Sounds interesting....and probly what S.America needs to get back on its feet.

I agree, but the American oil junta that put bush in business, the real Emperor, is not gonna like it.

Milton Bradley · Dec 20, 2005, 02:32 pm

I'm no fan of socialism, but I sure do have a soft spot for Hugo. The man has stones.

I know I bear the pacifist label affixed to me by the NeoCons, but in person, I'm anything but a pacifist, or a "peace clown", and this guys actions speak volumes about his character in my opinion. I think I'd like to have a few beers with old Hugo some time.

Ghumanto · Dec 20, 2005, 11:55 pm

Old Hugo surely has some guts ! S. America suddenly got some leaders with fire - Lula in Brazil and Hugo in Venezuela .
Let's see how Bush & the gang inevnt a new theory of WMD or freedom therapy to oust these leaders !

Rainbow · Dec 21, 2005, 02:01 pm

There is no need to eliminate the Venezuelian President H. Chavez.
South American leaders seek for unity, that give them a political power in order to become a respected voice around the world. That is a very ambitious political and administartive enterprise.
That would take some decades, though.
There are some goods, merchandise, technology, ect. in U.S. possession that South America is looking for. U.S. needs to develope good relations and/or partnership with those guys, in order to get what we want, and trade to South America something in return. It is important to maintain stable relatiionship with those states, especially since China would bypass yet another level for its oil-related demands and/or needs, soon.

I do not think U.S. considers any activity against H. Chavez.
It would harm to U.S. policy.
Whether "Exxon" complies with the Venezuelian governing body's demands or not, that "Exxon"s choice. It would not stop Venezuelian cargo (read : oil) to be shipped to U.S.

fushigi · Dec 27, 2005, 09:06 am

I don't know, although Chavez's popularity will continue to surge with this, Venezuela may regret this in the long run. Look what a mess Mexico is in with Pemex, all so Cardenas could ride the popularity wave for a few years. Same thing with Argentina after Juan Peron nationalized everything.

dan5415 · Jan 2, 2006, 02:43 pm

Chavez might not be very popular with many, but like Milton Bradley, I got to hand it to him...he has really strong convictions/beliefs. First offering discount gas for some of the poorer residents of the US, and now this...Chavez has shown that he's prepared to be a strong leader and go by his own agenda.

Dec 20, 2005, 02:08 pm	#2 (permalink) (top)
Protostar Hardcore Capitalist Location: North Carolina Posts: 759	I agree with what they are doing, even though I despise socialism. Their country, their rules. "I distrust those people who know so well what God wants them to do because I notice it always coincides with their own desires." . . . Susan B. Anthony

Dec 27, 2005, 09:06 am	#7 (permalink) (top)
fushigi Hot Lava Location: Beijing Posts: 2,340	I don't know, although Chavez's popularity will continue to surge with this, Venezuela may regret this in the long run. Look what a mess Mexico is in with Pemex, all so Cardenas could ride the popularity wave for a few years. Same thing with Argentina after Juan Peron nationalized everything. "What truth endures beneath the flaming stream?" -- A Volcano, Bartolome de Las Casas, Inferno de Marsaya, 1536 Last edited by fushigi; Dec 27, 2005 at 09:08 am.

Dec 20, 2005, 02:32 pm	#4 (permalink) (top)
Milton Bradley BANNED Location: Ohio Province, Rep. of Comerica Posts: 7,320	I'm no fan of socialism, but I sure do have a soft spot for Hugo. The man has stones. I know I bear the pacifist label affixed to me by the NeoCons, but in person, I'm anything but a pacifist, or a "peace clown", and this guys actions speak volumes about his character in my opinion. I think I'd like to have a few beers with old Hugo some time.

Dec 20, 2005, 11:55 pm	#5 (permalink) (top)
Ghumanto Igneous Magma Posts: 244	Old Hugo surely has some guts ! S. America suddenly got some leaders with fire - Lula in Brazil and Hugo in Venezuela . Let's see how Bush & the gang inevnt a new theory of WMD or freedom therapy to oust these leaders !

Dec 21, 2005, 02:01 pm	#6 (permalink) (top)
Rainbow Volcanic Erupter Posts: 3,154	There is no need to eliminate the Venezuelian President H. Chavez. South American leaders seek for unity, that give them a political power in order to become a respected voice around the world. That is a very ambitious political and administartive enterprise. That would take some decades, though. There are some goods, merchandise, technology, ect. in U.S. possession that South America is looking for. U.S. needs to develope good relations and/or partnership with those guys, in order to get what we want, and trade to South America something in return. It is important to maintain stable relatiionship with those states, especially since China would bypass yet another level for its oil-related demands and/or needs, soon. I do not think U.S. considers any activity against H. Chavez. It would harm to U.S. policy. Whether "Exxon" complies with the Venezuelian governing body's demands or not, that "Exxon"s choice. It would not stop Venezuelian cargo (read : oil) to be shipped to U.S.

Jan 2, 2006, 02:43 pm	#8 (permalink) (top)
dan5415 Best.Poster.Ever. Posts: 10	Chavez might not be very popular with many, but like Milton Bradley, I got to hand it to him...he has really strong convictions/beliefs. First offering discount gas for some of the poorer residents of the US, and now this...Chavez has shown that he's prepared to be a strong leader and go by his own agenda.