I would offer that other countries are just sick and tired of us. I foresee the same type of actions being instituted by other countries..
one by one
little by little.
May 2, 2007
JOSE, Venezuela (Reuters) - Venezuela stripped the world's biggest oil companies of operational control over massive Orinoco Belt crude projects on Tuesday, a vital move in President Hugo Chavez's nationalization drive.
US . companies ConocoPhillips, Chevron, Exxon Mobil, Britain's BP, Norway's Statoil and France's Total agreed to obey a decree to transfer operational control on Tuesday, although the
OPEC nation complained ConocoPhillips was somewhat resistantPresident Chavez has ordered us to take full control over the sovereignty of our oil, and we are doing that today," Oil Minister Rafael Ramirez told state television at the oil installations shortly after midnight after a hero's welcome from the workers.
2007-05-01
12:38:34
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7 answers
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asked by
rare2findd
6
in
Politics & Government
➔ Politics
"In this very instant our oil workers are taking control of each of the areas of each of the installations."
Industry analysts fear Venezuela's state oil company PDVSA could ultimately run into production and safety problems when it loses the management and technology of the experienced majors.
Still, Chavez hailed Tuesday's takeovers as the South American nation reclaiming its sovereignty.
"The wheel has turned full circle," he said. "Long live PDVSA, long live the workers of PDVSA."
2007-05-01
12:39:49 ·
update #1
humm hj
looks to me that the only one 'stealing' is the Bush administration. but then that is always the way the US has worked after all.
2007-05-01
13:06:46 ·
update #2