Exxon will Never Again Steal from Venezuela Says Chavez

[Joanne98]

Venezuelan President Hugo Chavez classified the intention of the worlds largest oil company, ExxonMobil, to freeze assets of state-owned Venezuelan oil company Petróleos de Venezuela (PDVSA), as part of a US government backed "economic war" and destabilization campaign against his government and the people of Venezuela. Chavez vowed that the Venezuelan government would not be intimidated.

"They will never rob us again, those bandits of ExxonMobil, they are imperialist bandits, white collar criminals, corruptors of governments, over-throwers of governments, who supported the invasion and bombing of Iraq and continue supporting the genocide in Iraq," he said on his weekly TV show ‘Alo Presidente.'

Last week, Exxon said it won temporary court orders in the UK, the Netherlands, and the Dutch Antilles to freeze PDVSA assets worth up to $12 billion, in a dispute over compensation for a 41.7% stake (worth $750m), in the Cerro Negro exploration project in the Orinoco oil field. The project was nationalized by the Venezuelan government in May last year as part of a drive to gain majority state participation in the country's oil production joint ventures.

Other major oil companies including U.S.-based Chevron Corp., France's Total, Britain's BP PLC, and Norway's Statoil negotiated deals with Venezuela to remain on as minority partners in the Orinoco oil belt projects.

However, ConocoPhillips and ExxonMobil, rejected the changed conditions and have been in compensation talks with PDVSA. A spokesperson for ConocoPhillips said they are seeking an "amicable resolution" with the Venezuelan government.
http://www.venezuelanalysis.com/news/3142

[LakeSamish706]

1. I hope Hugo throws all of the crooks out of the country and never lets em back in. n/t

[Judi Lynn]

2. You bet! In a REAL democracy, powerful people from outside can't make deals with corrupt officials

who give away the country's resources for power and wealth, and throw the future away for the poor.

The people of Venezuela have spoken, and they've had ENOUGH of this crap. U.S. idiots who try to blame this all on Hugo Chavez are going to have another thing coming if they imagine this hunger and determination for change is going to let up once they can get rid of him!

That's just not going to happen. The people's movement has already decided they can't be taking any more crap, not since their nasty oligarch President Carlos Andres Perez raised the cost of all their transportation, etc., so they couldn't even afford to get to work, to grocery stores, etc., and they rushed into the streets to protest, only to be mowed down by Perez's military, in "El Caracazo" massacre, in 1989.

They are NOT going back. U.S. right-wingers who think they can find a way to get this genie back in the bottle, and take over their country once more, and start plundering them all over again are going to be wildly surprised!

[AlertLurker]

3. Hugo plays HARDBALL:

"Take note, Mr. Bush, Mr. Danger. If the economic war continues against Venezuela, the price of oil will reach $200. Venezuela will take up the economic war and more than one country is inclined to join us," he added.

...
"If you freeze us, if you really manage to freeze us, if you damage us, then we will hurt you. Do you know how? We are not going to send oil to the United States," he said."