Can Hugo Chavez Steal His Way To Safety?

[LC EFA]

Can Hugo Chavez Steal His Way To Safety?... Not a very PC question to ask on the DU..

Long thread ; many examples of stupid.

Zorro  Donating Member  (1000+ posts)     Fri Jan-30-09 09:20 PM
Original message
Can Hugo Chavez Steal His Way To Safety?
   
<snip>

As energy revenues plunge and debt mounts, Venezuela's president swipes a U.S. oil rig. Expect more of the same.

This week, Venezuelan national oil company PDVSA seized control of an offshore drilling rig owned by Dallas-based Ensco International. It was an audacious move that reflects the slow-motion breakdown of one of the world's biggest state-owned oil companies. PDVSA subsidiary Petrosucre is in arrears on $35.5 million it owes Ensco for drilling services; the Ensco 69 rig is under contract through August 2010 at a rate of $185,000 a day.

Ensco is but one of many contractors waiting to get paid. As its revenues plunged with the price of crude, PDVSA has, in recent months, reportedly built up $8 billion in unpaid debts to suppliers like Schlumberger (nyse: SLB - news - people ) and Halliburton (nyse: HAL - news - people ). Another drilling company, Tulsa, Okla.-based Helmerich & Payne (nyse: HP - news - people ), announced Thursday that PDVSA owes it $100 million. Helmerich idled two of its five rigs in Venezuela and says the other three will likely stop work within weeks.

This is the natural progression of President Hugo Chávez nationalizing the assets of some Western oil companies in Venezuela. Why pay for something when you can simply steal it? Chávez needs all the cash he can muster to keep up his lavish social programs ahead of a Feb. 15 national referendum that will determine whether he is legally allowed to seek a third term.

<snip>

More at: Link

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x4947776

Oh dear. One should avoid badmouthing a paragon of integrity like Chavez.

Tierra_y_Libertad  Donating Member  (1000+ posts)  Fri Jan-30-09 09:23 PM
Response to Original message
1. Good for Hugo. My heart bleeds for the oil companies.

Oh it's very good for Hugo, not so much his serfs subjects citizens.

Ichingcarpenter  Donating Member  (1000+ posts) Fri Jan-30-09 10:40 PM
Response to Reply #2
25. And nobody read this article to comment on it?
   
This guy is a right wing hack for the oil companies
and a climate change denier

That means he is someone you retards should pay more attention too.

Zorro  Donating Member  (1000+ posts) Sat Jan-31-09 12:05 AM
Response to Reply #25
47. Are you denying the reporting in the article?
   
Do you approve of government-santioned theft?

Ichingcarpenter  Donating Member  (1000+ posts) Sat Jan-31-09 12:28 AM
Response to Reply #47
54. "Do you approve of corporate-santioned theft?"
   
I think there is a need for dialogue with
the world's corporate leaders as you suggest
before there is an uprising.

Academically, speaking as a Political Scientist
I find your analysis representing a misinformed
conjecture that rationalizes the neo-liberal viewpoint
that has been proven wrong in this crisis.

You are really not very informed on
the sociological, historical, economic dependences
that has hindered the development of a Colonial State
and Continent.

Study Chile, Argentina and Paraguay which gave way to
the development of totalitarian states.

Your world is an island in your mind.

Watch them wiggle and squirm to avoid saying "Yes, I approve of government sanctioned theft".

Ichingcarpenter  Donating Member  (1000+ posts) Fri Jan-30-09 10:08 PM
Response to Reply #13
15. Boy is that a hard core progressive stance
   

The people of Venezuela won't suffer and you have no proof of that.

So dense light is sucked towards it.

sfexpat2000  Donating Member  (1000+ posts)  Fri Jan-30-09 11:08 PM
Response to Reply #32
33. I seriously doubt Venezuela will have any trouble from this at all
   
sitting on all that oil and being a burr in the side of the US. This is more anti-Chavez drum beating, whether it's true or not. For that matter, Chavez has given market value in return for the operations he's nationalized so far. This is a non-issue but our friend enjoys trying to stir up anti-Chavez feeling because he forgets that at DU, people actually read stuff.

The stupidest person on the internet has spoken !

natrat  (1000+ posts)  Fri Jan-30-09 09:42 PM
Response to Original message
6. good for hugo, screw those texas scumbags

My aren't you a wonderful person.

me b zola  Donating Member  (1000+ posts)  Journal  Click to send private message to this author  Click to view this author's profile  Click to add this author to your buddy list  Click to add this author to your Ignore list      Fri Jan-30-09 11:59 PM
Response to Reply #20
39. Unlike the US
   
The budget of Ven. is used to give health care, feed & educate the people.

There are none so blind as ...

[SSG Snuggle Bunny]

Ensco is but one of many contractors waiting to get paid. As its revenues plunged with the price of crude, PDVSA has, in recent months, reportedly built up $8 billion in unpaid debts to suppliers like Schlumberger (nyse: SLB - news - people ) and Halliburton (nyse: HAL - news - people )...

Hey DUmmies,

With the price of oil having gone done the average hours I work have dropped from 80+ to a mandated max of 54 because oil companies will only have their most productive wells frac'ed. If Hugo doesn't pay his bills and Halliburton has to cut costs further to make-up for what has been stolen me and a lot of other people are going to get laid-off. They have babies on the way, just bought new houses, are paying off their student loans, etc etc etc

You know, real people with real issues.

Where's your valiant stand for the working class?

[ScubaGuy]

Hey DUmmies,

With the price of oil having gone done the average hours I work have dropped from 80+ to a mandated max of 54 because oil companies will only have their most productive wells frac'ed. If Hugo doesn't pay his bills and Halliburton has to cut costs further to make-up for what has been stolen me and a lot of other people are going to get laid-off. They have babies on the way, just bought new houses, are paying off their student loans, etc etc etc

You know, real people with real issues.

Where's your valiant stand for the working class?

Sorry but according to DUmmie logic if you work for or have anything to do with an oil company you're a rich thieving bastard who should have all assets seized and be thrown in jail.

[SSG Snuggle Bunny]

Sorry but according to DUmmie logic if you work for or have anything to do with an oil company you're a rich thieving bastard who should have all assets seized and be thrown in jail.

Our camp is at the intersection of CR 8 and CR 29 just south of Ft Lupton CO.

They're free to come get us. Be careful though, we know how to swing 10# sledge hammers.

[Chris_]

me b zola  Donating Member  (1000+ posts)  Journal  Click to send private message to this author  Click to view this author's profile  Click to add this author to your buddy list  Click to add this author to your Ignore list      Fri Jan-30-09 11:59 PM
Response to Reply #20
39. Unlike the US
   
The budget of Ven. is used to give health care, feed & educate the people.

Hey! I've got an idea DUmmies!!! Since Ven. is great and the US isn't why don't you move there? It would save you the hassle and headache of trying to change the US. In another thread I mentioned about you guys setting up an account to help your less fortunate, paying for relocating the HugoLand could be one of the things for which you used the money. Some CCers may even be willing to donate for that. I'd like to but can't because of hardships due to this terrible Obama economy.

[djones520]

Hey DUmmies,

With the price of oil having gone done the average hours I work have dropped from 80+ to a mandated max of 54 because oil companies will only have their most productive wells frac'ed. If Hugo doesn't pay his bills and Halliburton has to cut costs further to make-up for what has been stolen me and a lot of other people are going to get laid-off. They have babies on the way, just bought new houses, are paying off their student loans, etc etc etc

You know, real people with real issues.

Where's your valiant stand for the working class?

Well if they work for Halliburton, then they deserve this. /DUmmie

[JohnnyReb]

"Can Hugo Chavez Steal His Way To Safety?"

"YES WE CAN"

Hey....It worked for the Chicago crowd didn't it?

[The Village Idiot]

healthcare, feed and educate people??

are these people serious? Have they never seen what the US budget goes toward?

[Rebel]

These assholes must not understand that profits from the Oil Industry go to fund teacher's retirement, 401K's, police retirements, etc. No, they don't want anyone self-sufficient, they want the damn government to take care of everyone. 

This country would be better off if these idiots were eradicated.

[The Village Idiot]

These DUmmies have never heard of Medicaid, Medicare, SCHIP, Social Security, Public Schools, College Loans, Pell Grants, Food Stamps, WIC, AFDC etc etc etc???

[SSG Snuggle Bunny]

These DUmmies have never heard of Medicaid, Medicare, SCHIP, Social Security, Public Schools, College Loans, Pell Grants, Food Stamps, WIC, AFDC etc etc etc???

All woefully underfunded because Fox news makes people vote republican.

No, really.