Oil Minister Rafael Ramirez declared that the Orinoco fields had reverted to state control just after midnight. Television footage showed oil workers in hard hats raising the flags of Venezuela and the national oil company over a refinery and four drilling fields in the Orinoco River basin. Chavez planned a more elaborate celebration later on May Day, the international workers' holiday, with red-clad oil workers, soldiers and a flyover by Russian-made fighter jets.
The companies ceding control include BP PLC, ConocoPhillips, Exxon Mobil Corp., Chevron Corp., France's Total SA and Norway's Statoil ASA.
Do you think this a good Idea of Venezuela to do this knowing they do not have the same skill workers as the US?
2007-05-01 05:33:52 · 7 answers · asked by Anonymous in News & Events ➔ Current Events
I think you may be asking the wrong question. Whether it is good for Venezuela to do this is fairly irrelevant to the question of whether it is morally and ethically correct to essentially steal something that others have created.
I'm not saying that a country should not own it's own resources, but it isn't right to make an agreement with some outside agency to develop resources, then swoop in and claim it (nationalize) after they've done most of the work.
Of course, this is a typical move of Hugo Chavez who plans on being a dictator similar to Fidel Castro for the rest of his life.
2007-05-01 05:50:48 · answer #1 · answered by tehmpus 2 · 3⤊ 0⤋
Well, if you heard the whole truth, he was playing to the hype on global warming, and a lot of people always bring oil into the subject becuase of CO2 emissions. Mr. Chavez saw that if the state controlled the oil, than it would be up to him to decide how much or how little the world will get of Venezualan people. I wont be surprised if this happens elsewhere. Global Warming is causing a lot of bad things, and i'm not talking about what it is or what it does. I'm just talking about the Hype on Global warming, dont be surprised if the UN steps up and instutes a global tax on countries to stay within emissions. Welcome to the Apocalypse?
2007-05-01 05:42:57 · answer #2 · answered by Scotty 2 · 0⤊ 0⤋
Typical Cold-War era Socialist activity, nationalizing the assets of transnational companies. But the Cold War is over and I don't think it will have the same effect. It's an anachronism.
And Iran isn't much of an ally, they have nothing to offer except traditional Sharia Law. They certainly don't have any skill at running refineries.
Very interesting.
2007-05-01 05:56:27 · answer #3 · answered by The First Dragon 7 · 1⤊ 0⤋
I think that George Bush will be under a whole lot of pressure by the same oil companies that pressured him to go to war in Iraq will have their way and the American Military will be invading Venezuely withing a month.
2007-05-01 05:42:54 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Sure, give them the oil fields, and charge rent for use of the machinery needed to extract the oil, if they refuse to pay, dismantle the whole thing.
2007-05-01 08:53:26 · answer #5 · answered by Mike W 7 · 0⤊ 0⤋
of course it's good idea...reclaiming the oil fields back brings them money...so from that point...they can't miss...and workers...you think they are all americans?c'mon!most will stay,just paycheck from different side...
2007-05-01 05:40:29 · answer #6 · answered by fwd 3 · 0⤊ 0⤋
more power to the people.
2007-05-01 15:09:51 · answer #7 · answered by Anonymous · 0⤊ 0⤋