Well, oil companies measure one another in terms of land area and they compete aggressively for it. For Exxon to pull out of Venezuela means they believe that operating as a politically loyal collective there presents a greater investment risk than operating in such countries as Yemen and Angolia where they're currently operating despite the risk of violence.
Oh, and take care to read the entire article if you doubt that Chavez is a Castro wannabe. His despotic appropriation of all private industry mirrors what with fellow communist Robert Mugabe did in Africa. Well, Mugabe managed to starve hundreds of thousands of people to death despite huge natural resources in the form of rich diamond mines.
I wonder what Venezuela will be like in ten years. Maradon! fucked around with this message on 01-25-2006 at 04:38 PM.
Under capitalism, man exploits man. Under communism, it's just the opposite. - John Kenneth Galbraith
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Karnaj thought about the meaning of life:
Exxon could be hedging their bets on oil shale and oil sands up in Canada. It's almost economically viable to start mining those, now.
Petro-Canada has been mining the oil sands in Alberta for the last 25 years. I'm not much of an economist, but from what I've learned on the Discovery Channel it is an economical way of extracting oil. Lechium fucked around with this message on 01-25-2006 at 04:53 PM.
Under capitalism, man exploits man. Under communism, it's just the opposite. - John Kenneth Galbraith
quote:
Lechiuming:
Petro-Canada has been mining the oil sands in Alberta for the last 25 years. I'm not much of an economist, but from what I've learned on the Discovery Channel it is an economical way of extracting oil.
It's always been economical, just not AS economical as oil fields.
And, fortune 500 companies do not make bets to hedge in the first place.
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Maradon! said:
Well, Mugabe managed to starve hundreds of thousands of people to death despite huge natural resources in the form of rich diamond mines.
All while blaming England and Tony Blair for it.
He's absolutely bonkers. He rides around in clothes and cars that mirror the English Royal Family, he lives in a fantasy land.
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Mortious stopped staring at Deedlit long enough to write:
All while blaming England and Tony Blair for it.He's absolutely bonkers. He rides around in clothes and cars that mirror the English Royal Family, he lives in a fantasy land.
Are you saying that he dresses like a queen?
It is held in thought
only by the understanding
of the Wind.
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Zaile Ghostmaker said:
Are you saying that he dresses like a queen?
His wife does.
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Karnaj had this to say about Optimus Prime:
Maybe it's the oil reserves that are sitting in very hostile climates that they're talking about. Although I imagine that most of Alberta is none too pleasant around winter.
--It looks like the point of the article is that Exxon pulled out before the country decided to nationalize the oil industry there. I wouldn't be surprised if Exxon went as far as to offer its top Venezuelans posting out of the country too.
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Mortious had this to say about pies:
All while blaming England and Tony Blair for it.He's absolutely bonkers. He rides around in clothes and cars that mirror the English Royal Family, he lives in a fantasy land.
Shit, who is that English comedian I was listening to last night when I was going to sleep? He cracked me up. "Americans have it good. Their leader is SUPPOSED to be stupid."
