Chavez once again porves he's a tin pot dictator in the making.

[chequita guevara]

Originally posted by techumseh
Huh? China is desperate for more oil, in fact they've already signed a large contract with Venezuela. And they're cash rich. Don't forget they hold most of the US foreign debt.

Actually, that would be Japan. But China is closing fast.

[Flubber]

Originally posted by Whoha
add to all that the fact of refining capacity, their refineries are here in the US, so the oil will have to come here. Not that we'd do anything like that to our guy.

I don't recall but are not some of the refineries in the US owned by Venezuela?? If so, perhaps the US should "nationalize" those. Compensation if any should be determined according to the same types of procedure that Chavez affords to his foreign investors

[chequita guevara]

I don't believe they are, cuz the local papers would be screaming bloody murder about it if it were true. They hate Chavez here only slightly less than they hate Castro.

[DinoDoc]

Originally posted by chegitz guevara
I don't believe they are, cuz the local papers would be screaming bloody murder about it if it were true. They hate Chavez here only slightly less than they hate Castro.

http://www.citgo.com/AboutCITGO/Operations/Refining.jsp

[Dinner]

Originally posted by Ned
As Chavez is seeking to nationalize US businesses, probably without compensation, I can only hope the US admin will impose an economic embargo of Venezuala that really hurts. Then we will see how the people react to their commie leader as their economy bites the dust in the name of socialism.

He is mostly stealing the property of Europeans at the moment though he is also grabbing the American assets which he can.

[notyoueither]

Originally posted by DinoDoc
http://www.citgo.com/AboutCITGO/Operations/Refining.jsp

Justice is a *****.

[Dinner]

Originally posted by chegitz guevara
Actually, Chavez is only moving to nationalize these businesses because he is being pushed into it. Having unleashed the masses in order to solidify his power against those who hated him, he finds the genie does not want to go back in the bottle. The workers have been chomping at the bit to take over the networks for years, and he's been holding them back. And he's said the foreign owners will be compensated.

I met a Venezuelan commie tonight and many other Latino supporters of the revolution. One person brought an Hugo Chavez action figure which plays the Venezuelan national anthem if you press a button on the back.

Please show Chavez has ever held anyone back instead of simply fanboying everything and grandstanding in order to make himself more popular. He has found the usual formula of scapegoating someone else then simply acting dictatorially in order to concentrate ever more power in his own hands. His country will be worse off because of it.

[Dinner]

Originally posted by techumseh


How would that affect the oil exports to the US, Ned?

Did you read this thread at all? Seriously. If so you would know that the output of the national oil company has fallen greatly and that this is almost entirely due to the fact that trained scientists and technicitians are being chased off and replaced by talentless political yes-men whose sole qualification is they are sycophantically loyal to the strongman. That just isn't a sound way to run a company and it is resulting in decreased profits and decreased output as the most skilled people are leaving.

The reality is I don't care. The best people are leaving Ven. and going to work for the likes of ARCO or Exxon-Mobile. We're gaining highly qualified and experienced people while they are losing their best and brightest. Let Chavez **** on his nation's trained people. They'll end up in California or Florida anyway.

[Whoha]

Originally posted by Oerdin
Did you read this thread at all?

I think he is talking about Ned's proposed embargo.

[notyoueither]

An export embargo could be very hard on any country. You can sell all you want, but not being able to buy anything, or much if anything, close to home would have some major impacts.

Organising such an activity would be another matter entirely.

[Ned]

Re: Oil. I posted a nice bit about Castro's Cuba only three years after the fall of civiliazation in that country. They hadn't planted the sugar fields in all that time and sugar production had fallen dramatically.

The article was also interesting about all those factories taken over by the commies. Apparently, a lot of the equipment was shipped to Russia for the "benefit" of the people of Cuba.

Then there's Coke. Commie Coke from the nationalized Coke plant was really rat and bug infested, so much so, that people refused to drink it.

Ah, the glories of socialism.

[pchang]

Last figures I saw

Originally posted by chegitz guevara


Actually, that would be Japan. But China is closing fast.

Was that China held $1 trillion in US debt and Japan held $900 billion in US debt.

[Flubber]

Originally posted by Oerdin
Let Chavez **** on his nation's trained people. They'll end up in California or Florida anyway.

Actually a LOT of them end up working in Alberta . The oilsands in Canada shares a lot of attributes with the heavy oil projects of venezuela so this is one place where the expertise is most useful.

[Ned]

God, Chavez's moves seem a lot like that commie who took over in Iran in '52. He got dictatorial powers, dismissed parliament and then used his power to abandon. He was tossed out by the people (mullahs) shortly thereafter.

Chavez also sounds a lot like Hitler in '33. Got emergency powers and the rest is history.

[Dinner]

Re: Last figures I saw

Originally posted by pchang


Was that China held $1 trillion in US debt and Japan held $900 billion in US debt.

Last month was the first time in history when foreigners actually owned more US government bonds then American citizens did.

BTW, Chavez officially got the power to rule by decree today. No need for legislatures or courts. Chavez's words are now law. Yep, Venezuela is an ideal democracy.