Article

2009-01-15 Caribbean-Latin America

Chavez reopens oil bids to West as prices plunge

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Posted by gorb 2009-01-15 05:13|| || Front Page|| [1 views ] Top

#1 Under the current bidding rules, the onus for financing the new projects lies with the foreign companies, even though Petróleos de Venezuela would maintain control.

Not bad work if you can get it. I think he's dreaming though. What kind of retard would fall for the same gag twice? Only an oil company apparently. He picked the wrong time to go broke.

Posted by bigjim-ky 2009-01-15 07:29|| 2009-01-15 07:29|| Front Page Top

#2 Better long term return on dead sub-prime paper the Treasury is buying up with our children's and grandchildren's future taxes.

Posted by Procopius2k 2009-01-15 09:17|| 2009-01-15 09:17|| Front Page Top

#3 Venezuelan crude is among the thickest and fullest of impurities of any of the major producers. In a situation of oil surplus, which country would you cut back on first?

Have fun Hugo!

Posted by Frozen Al 2009-01-15 11:18|| 2009-01-15 11:18|| Front Page Top

#4 It's hard to believe that anyone would trust Chavez enough to commit large amounts of capital, particularly in tough times. However, it would be smart for oil companies to participate in evaluating prospects and laying a foundation for participating in a post-Chavez Venezuela.

Posted by DoDo 2009-01-15 11:47|| 2009-01-15 11:47|| Front Page Top

#5 Yeah.

When elephants fly.
.

Posted by OregonGuy">OregonGuy 2009-01-15 15:14|| http://oregonguythinks.blogspot.com/]">[http://oregonguythinks.blogspot.com/] 2009-01-15 15:14|| Front Page Top

#6 Fine. We bid three Buckeroos per gallon. Howz that ?

Posted by Woozle Elmeter 2700 2009-01-15 18:37|| 2009-01-15 18:37|| Front Page Top

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