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Exxon Mobil cut off from Venezuela’s oil (Comments) - Say Anything: Reader Blogs Mobile
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Exxon Mobil cut off from Venezuela’s oil
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realitybasedbob - 09:02pm on 02/12/2008
...in response to the U.S. oil company’s drive to use the courts to seize billions of dollars in Venezuelan assets.
Would that be in response to the billions of dollars in Exxon/Mobile assets seized by Venezuela? I thought so.
Bat One - 11:02pm on 02/12/2008
Would that be in response to the billions of dollars in Exxon/Mobile assets seized by Venezuela? I thought so.
Can you cite anything?
Lestat - 11:02pm on 02/12/2008
Oh no, Chavez is horrible. Look where else Exxon makes their buck. How’s the political climate in some of those central Asian states? They have leaders who make Chavez look like tickle me Elmo. Its sweet too because they can take all the money from Exxon, that Exxon gets from us, and buy guns to shoot the people who are protesting to receive fundamental human rights.
Sparkie Arbuckle - 12:02am on 02/13/2008
So, lestupid is going to pretend that tHugo Chavez did not nationalize foreign corporations assets and sieze control over their operations within Venezuela? Funny, international courts are freezing Venezuela’s assets because tHugo Chavez nationalized foreign corporations assets and seized control over their operations within Venezuela without paying due compensation for said assets and operations.
But hey! lestupid says it didn’t happen so everyone else is just wrong. All is well, move along folks. lestupid says it is all okeydokey.
2Hotel9 - 05:02am on 02/13/2008
Can you cite anything?
Lestat,
Let’s see. There’s this, this, this, this, and this for starters.
Chavez reneged on on the contracts with Exxon-Mobil and the others, thus taking from them what was contractually theirs in the first place. Venezuela says the expropriated assets are worth $300 - $700 million, while Exxon-Mobil puts the figure at $12 billion.
When Exxon-Mobil files it’s 10-K report we’ll have a better idea, since Sabanes-Oxley mandates that in effect the CEO must personally guarantee the accuracy of his company’s financial reports.
Bat One - 08:02am on 02/13/2008
But hey! lestupid says it didn’t happen so everyone else is just wrong. All is well, move along folks. lestupid says it is all okeydokey.
I didn’t say it didn’t happen. I asked him to cite something.
I would also like to see what the original contract said, who signed it on the behalf of the Venezualan citizens and how they profited from it.
Lestat - 09:02am on 02/13/2008
You get your ass handed to you, yet again, and, yet again, twist and spin. What an ass.
2Hotel9 - 07:02pm on 02/13/2008
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