Quote:
Originally Posted by RH77
I'm sure we've heard that Venezuela's dictator -- I mean, President - Hugo Chavez, has cut supply to Exxon/Mobil in retaliation from some political action against his "National Control" of oilfields.
Is this the poke in the eye that Exxon/Mobil needs, or are we going to have to foot the bill as usual? Nobody has speculated yet...
RH77
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He nationalized his oil fields the same way Bush privatized the protected forests near my house, home to several endangered bird species, for mining and logging industries. The big difference is Chavez gave them the option of leaving first, here the land was lost from the state without payment.
Now Exxon is suing them and the US is freezing assets of Venezuela. Unfortunately for us, our lawsuit for the forest was denied permission to continue.
I just want to put some perspective on world politics beyond what you get from Fox News. We aren't so different, we are worse.
Exxon won't let their record setting profits suffer from this. They will play the governments of the world and use this as an excuse to make even greater profits. Exactly what happened with the Iraq war.