I'm too cool to Post
17th July 2003
The 11 oil rigs, which have idled due to non payment by the Venezuelan state owned oil companies are now to be nationalized (read as seized).
Looks like Haliburton and BP have resources there as well.
With this Chavez will have seized almost all the Venezuelan oil industry.
Not really surprised but Im curious to see how far this guy can go before someone bloodies his nose.
We know he hates Columbia due to a US presence but he is also apparently pissing off Brazil as well. Not a good move as Brazil is the best trained and equipped military in South America.
Ultima ratio regum
7th November 2005
incoming US 'liberation' in 3...2...1...
5.56 smoke Haji every day
18th July 2008
I'm actually surprised he didn't do this a long time ago.
7th December 2003
[COLOR="Black"]That's always a big risk when investing lots of money into an unstable country.
I believe nationalization without compensation is against international law. Maybe it is time to slap some sanctions on Venezuela. [/COLOR]