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2010-12-18 Caribbean-Latin America

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Posted by Grunter 2010-12-18 10:31|| || Front Page|| [5 views ] Top

#1 $8 billion bond debt his government ran up -- or face seizure of his 14,000 nationally owned Citgo gas stations in the US.

Does this mean we'll still be importing from Venz?

Posted by Uleger Barnsmell4617 2010-12-18 14:10|| 2010-12-18 14:10|| Front Page Top

#2 Yes, we'll continue to import from Vz. so long as they have oil to sell. If that doesn't make any sense to you I'll draw a map showing the distances to US refineries (that's where the gas comes from) vs. the distance to WHOKNOWSWHERE but maybe China

Posted by Goldies Every Damn Where 2010-12-18 16:22|| 2010-12-18 16:22|| Front Page Top

#3 It will be interesting to see how tHugo reacts. Either way he loses.

Yes he has oil, but no refining capacity, and it will take years and billions to replace his lost refining capacity.

His regime can not hold up under the financial strain of severely reduced petro dollars.
Sure Iran could help him, but the Iranian are in a pickle of their own.

I say seize the refineries and Citgo stations. And encourage all other companies and institutions that have had their assets seized in Venezuela, to seize any Venezuelan assets in their countries to pay for their losses. Especially Banks and oil companies.
And encourage all multinationals to refrain from any & all investment in Venezuela's economy.
Time to choke the baboon economically.

Posted by Mikey Hunt 2010-12-18 16:37|| 2010-12-18 16:37|| Front Page Top

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