2008-02-18 Caribbean-Latin America
|
Oogo Sez Venezuela Won't Cut Oil Sales
|
Feb. 17 (Bloomberg) -- Venezuelan President Hugo Chavez, who threatened to cut off oil sales to the U.S. a week ago, said the government won't do so unless the South American nation is attacked. ``We don't have plans to stop sending oil to the U.S.,'' Chavez said today in comments broadcast by Venezuelan state television. ``All I've said is that, if the U.S. attacks us, we'll have to decide not to send one drop of oil to the U.S.''
Finally figuring out that he has few other takers for his oil, has he ... | Venezuelan Oil and Energy Minister Rafael Ramirez said Feb. 13 that the country is in an ``economic war'' with the U.S. The world's largest economy is seeking to destabilize Venezuela by backing a lawsuit filed by Exxon Mobil Corp. to freeze assets of state-owned Petroleos de Venezuela SA, Ramirez said.
The conflict stems from a dispute between Exxon and PDVSA, as the state oil company is known, over Exxon's compensation for its stake in a heavy crude oil joint venture that was nationalized last year. Chavez, who has accused the U.S. of trying to undermine his efforts to implement ``21st-century socialism,'' has seized on the Exxon conflict to sharpen his criticism of President George W. Bush. Exxon has won court orders freezing $12.3 billion in PDVSA's assets as part of the legal battle.
Chavez, speaking today from the oil installation that Exxon abandoned last year when the Venezuelan government took control of four joint ventures in the country's Faja del Orinoco region, called the U.S. oil company a ``thief.'' He said the country's petroleum reserves will never be controlled by the U.S. again.
Sure, you guys go right ahead and develop those oil fields yourselves ... | Venezuela sells more than half its oil output to the U.S. It can't quickly shift to new customers because its thick, sulfur- rich oil can only be handled by refineries designed specifically for its characteristics. Most of those are on the U.S. Gulf Coast.
Ramirez said today during the television program that there is a global shortage of oil, and that Venezuela won't have problems finding new buyers. Chavez, who says the Faja has reserves of more than a trillion barrels, said reports that PDVSA is in financial trouble are false. "Supposedly Venezuela is going to go under, PDVSA is going to go under, because only the U.S. has refineries to process our oil,'' Chavez said. "Don't believe these lies.''
Okay. Exactly who else can handle the oil? | The president said he's considering the creation of an ``unexpected gains'' tax on the oil industry. The levy would be charged progressively as oil prices rise above average levels, Chavez said.
Sounds like Hillary's tax plan ... |
|
Posted by Steve White 2008-02-18 00:00||
||
Front Page|| [11130 views ]
Top
|
Posted by ed 2008-02-18 01:27||
2008-02-18 01:27||
Front Page
Top
|
Posted by sinse 2008-02-18 09:19||
2008-02-18 09:19||
Front Page
Top
|
Posted by Tholush Squank4616 2008-02-18 09:23||
2008-02-18 09:23||
Front Page
Top
|
Posted by G. W. Bush 2008-02-18 09:36||
2008-02-18 09:36||
Front Page
Top
|
Posted by lotp 2008-02-18 10:39||
2008-02-18 10:39||
Front Page
Top
|
Posted by Redneck Jim 2008-02-18 12:07||
2008-02-18 12:07||
Front Page
Top
|
Posted by tu3031 2008-02-18 12:35||
2008-02-18 12:35||
Front Page
Top
|
Posted by USN,Ret. 2008-02-18 14:02||
2008-02-18 14:02||
Front Page
Top
|
|
12:50 Abu Uluque
12:49 Skidmark
12:48 NN2N1
12:46 Skidmark
12:44 Bobby
12:43 Abu Uluque
12:41 Bobby
12:38 Skidmark
12:31 swksvolFF
12:30 Skidmark
12:22 Abu Uluque
12:19 Abu Uluque
12:17 Abu Uluque
12:17 Skidmark
12:15 Abu Uluque
12:11 Skidmark
12:01 Crusader
11:55 Grom the Affective
11:52 Crusader
11:50 Crusader
11:40 swksvolFF
11:11 HeavyG
11:10 Angstrom
11:07 HeavyG









|