Chavez steals millions from foreign companies.

[Urban Ranger]

Originally posted by Provost Harrison
He shouldn't have taken the oil fields off the oil companies...

...he should have let them keep mining and tax them to buggery

He has just taken 51% ownership of the oil fields for his country. The companies will still be taxed.

I don't think you can put a tax on oil fields or oil reserves.

[Provost Harrison]

Oh well, if it means the citizens of his country gain a better standard of living then that is fine. I suspect the time when these oil companies gained such hegemonic control of these oil fields there may have been a regime in charge that was much more a puppet of the West?

[Sikander]

Originally posted by Ted Striker
And to add to the last 3 posts, which were awesome, we keep hearing all this crap about how greedy oil companies are (you know the ones with 30 billion dollars of profit while still screwing consumers with high prices) and now we're supposed to feel sorry for them?

I don't think so

Ted's becoming the Giancarlo of the left. The intelligent lefties must groan when they see him posting.

[Urban Ranger]

Yeah, probably Chavez's predecessor.

[Sikander]

Originally posted by Provost Harrison
Oh well, if it means the citizens of his country gain a better standard of living then that is fine. I suspect the time when these oil companies gained such hegemonic control of these oil fields there may have been a regime in charge that was much more a puppet of the West?

Venezuela was never a puppet of the west in recent times. When these resources were sold it's a cinch that oil was cheaper though. Who's being greedy now? The commie who is tearing through his country's wealth in a world class attempt at self-aggrandizement.

[Sikander]

Originally posted by Urban Ranger
Yeah, probably Chavez's predecessor.

Ted or Giancarlo?

[notyoueither]

Originally posted by Urban Ranger


He has just taken 51% ownership of the oil fields for his country. The companies will still be taxed.

I don't think you can put a tax on oil fields or oil reserves.

You tax what they pull out of the ground. It's called a royalty.

Try to keep up.

[Dinner]

Originally posted by Oncle Boris
CHAVEZ COOKS HIS OMELETTES WITH BROILED BABY OIL!!11!

Ah, yes. The type of well thought out and rational response which we have all come to expect from fake boris.

[Dinner]

Originally posted by Provost Harrison
He shouldn't have taken the oil fields off the oil companies...

...he should have let them keep mining and tax them to buggery

He already does tax them to buggery. He's inacted a retro active tax since dispite rising oil prices the output has kept falling and he was feeling a pinch to his bottom line. What was Chavez's brilliant response? He declared that all foreign companies simply owed more money for the period of 2001-2005. That's right after the companies had already paid their legal taxes he simply declared retroactive taxes and said "pay or I will steal your property" then he went and stole the property anyway. Chavez is just a thug and a thief who's running his country into the ground.

[Winston]

Typical leftist response whenever Hugo Chavez does something incredibly stupid.

[Dinner]

One might reasonably ask why Venezuela's oil output keeps falling. Could it be that the national oil company has had all of the competitant technicats removed and replaced by incompetant politicos whose sole qualification is their fanatical loyalty to the supreme autocrat? No, that couldn't be.

Could it also be that foreign investment has dried up to nothing because the great leader keeps stealing from the foreigners? It's not like the state oil company has trained people who can find new oil fields or even model the maturation of their existing fields. The cronyism of Chavez makes Bush look like a saint and I had thought such a thing wasn't possible.

[techumseh]

Originally posted by Saras


And this Venezuelan "people", how did they manage to:

a) locate the oil
b) drill for it
c) ship it to buyers

?

So are you saying that because at one time in it's history, a country didn't have the technical and financial capacity to do those things, it must forever surrender it's natural resources to the oil companies of other nations?

[techumseh]

Originally posted by notyoueither
Where's the theft?

Alberta begged for years for major oil companies to come to the tar sands and develop them. They finally came. Are you saying that if in, say 20 years, we decide to nationalise the oil sands that we would be recovering stolen property?

No, exercising soverienty.

[Kontiki]

One might think that the people who initially did the exploration, extraction and shipping (and paid the government for it, all the while) would have a reasonable claim to what they've exploited. Nothing is stopping the Venezuelans from doing their own exploration/exploitation now that they have the expertise, and they can keep 100% of the spoils.

[Velociryx]

Chavez is just a thug and a thief who's running his country into the ground.





Commie poster child.

No real surprises, eh?

-=Vel=-