Article

2010-07-01 Caribbean-Latin America

Venezuela govt to nationalize 11 US-owned oil rigs

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Posted by gorb 2010-07-01 01:45|| || Front Page|| [11134 views ] Top

#1 I object to the title of this post. The US does not own the drilling rigs in question. A more appropriate title might be "Venezuela govt to nationalize 11 oil rigs owned by US-based firms".

Posted by Eboreg 2010-07-01 12:36|| 2010-07-01 12:36|| Front Page Top

#2 The US Energy Information Administration has a page that shows the future of Venezuelan oil production quite clearly.

The second plot shows Hugo's future and fortune.

Posted by bigjim-CA 2010-07-01 14:00|| 2010-07-01 14:00|| Front Page Top

#3 Guess I could put the link in, duh.

Venezuela Energy Data

Posted by bigjim-CA 2010-07-01 14:03|| 2010-07-01 14:03|| Front Page Top

#4 I object to the title of this post.

The man's got a point. Howzabout: Vuvuzuela Govt Steals Private Property ?

Posted by SteveS 2010-07-01 18:20|| 2010-07-01 18:20|| Front Page Top

#5 If they follow through and do this, we should nationalize Citgo. Including it's refineries in Texas and Louisiana. tit for tat

Posted by Mike Hunt 2010-07-01 19:16|| 2010-07-01 19:16|| Front Page Top

#6 we should nationalize Citgo.

That would be self destructive. Right now Chavez has to send at least half of Venezuela's oil exports to the US just to keep Citgo's oil refineries fed. Stop that and those refineries and service stations (less so) become worthless.

Nationalize Citgo assets and all those exports become available for diversion elsewhere (read China). Chavez has been slowly doing that anyway as China builds Panamax tankers and oil refineries to handle Venezuelan tar.

Posted by ed 2010-07-01 19:34|| 2010-07-01 19:34|| Front Page Top

#7 "Howzabout: Vuvuzuela Govt Steals Private Property?"

In other words, dog bites man, Steve?

Posted by Barbara Skolaut 2010-07-01 22:28|| 2010-07-01 22:28|| Front Page Top

#8 And why exactly is there a picture of the USS Ronald Reagan nestled in with this story? I fail to see the connection. Is the Reagan supposed to be on its way to un-nationalize these oil rigs?

Posted by Plankowner 2010-07-01 23:54|| 2010-07-01 23:54|| Front Page Top

23:54 Plankowner
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23:45 borgboy
23:42 borgboy
23:19 ed
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22:43 ed
22:28 Barbara Skolaut
22:25 crazyhorse
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20:54 DMFD