Chavez courting oil giants for production boost

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Report: Chavez courting oil giants for production boost

By Steve Gelsi
Last update: 7:41 a.m. EST Jan. 15, 2009Comments: 2
NEW YORK (MarketWatch) -- Venezuelan President Hugo Chavez is courting Western oil giants' expertise to help the country boost production in the face of lower petroleum prices, The New York Times reported Thursday. Chavez officials have been soliciting bids from Chevron (CVX:Chevron Corp
TOT 49.29, -0.36, -0.7%) as the country looks to maintain oil revenue flowing into social programs that help boost Chavez's support from voters. "If re-engaging with foreign oil companies is necessary to his political survival, then Chávez will do it," Roger Tissot, an authority on Venezuela's oil industry at Gas Energy, told the newspapers. "He is a military man who understands losing a battle to win the war."
 
6 months ago he stole all the western companies equity, now he's forced to beg them to come back.
They will, but you can be they are going to want UP FRONT MONEY!!!
 
Topspin said:
6 months ago he stole all the western companies equity, now he's forced to beg them to come back.
They will, but you can be they are going to want UP FRONT MONEY!!!
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Perhaps Russia will help him?


Kinda reminds me of the finiancial industry in the US. Don't tax us man we take the risks. Now it is bail us out with tax dollars please.
 
Topspin said:
Report: Chavez courting oil giants for production boost

By Steve Gelsi
Last update: 7:41 a.m. EST Jan. 15, 2009Comments: 2
NEW YORK (MarketWatch) -- Venezuelan President Hugo Chavez is courting Western oil giants' expertise to help the country boost production in the face of lower petroleum prices, The New York Times reported Thursday. Chavez officials have been soliciting bids from Chevron (CVX:Chevron Corp
TOT 49.29, -0.36, -0.7%) as the country looks to maintain oil revenue flowing into social programs that help boost Chavez's support from voters. "If re-engaging with foreign oil companies is necessary to his political survival, then Chávez will do it," Roger Tissot, an authority on Venezuela's oil industry at Gas Energy, told the newspapers. "He is a military man who understands losing a battle to win the war."
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If I were the head of a big oil company, my response to Chavez would be....:321:
 
Nobody deserves it more. Nothing proves that Socialism fails more than watching them beg to bring back Greed months after attempting to remove it from the equation. It's all good. I can sit by and take the "hits" when the economy is good and people are hatin' companies because they are "full of greed" and Libertarians are just "stupid" because they think human nature trends in that direction..., because I know that when the stuff hits the fan even the Socialists call on the great god of Greed to save them.

You can reign it in, but when you attempt to eliminate it the nature of humans gets in the way and it becomes full of Phail (the modern Pagan god of.. well... Phail).

:D

Companies are not people and shouldn't be treated as such and should be watched and regulated (I know not very "Libertarian", but real people are victims of the nonsense of Corporate "rights" and the government, even with Libertarians, is supposed to protect the individual's rights.) But the idea that they can never be beneficial tools, and that we should attempt to eliminate human "frailties" from the equation by nationalizing production is just full of Phail.
 
I hope we do it, but my guess is they prob think they can get better than fair returns from these dictator fools.
 
Topspin said:
Report: Chavez courting oil giants for production boost

By Steve Gelsi
Last update: 7:41 a.m. EST Jan. 15, 2009Comments: 2
NEW YORK (MarketWatch) -- Venezuelan President Hugo Chavez is courting Western oil giants' expertise to help the country boost production in the face of lower petroleum prices, The New York Times reported Thursday. Chavez officials have been soliciting bids from Chevron (CVX:Chevron Corp
TOT 49.29, -0.36, -0.7%) as the country looks to maintain oil revenue flowing into social programs that help boost Chavez's support from voters. "If re-engaging with foreign oil companies is necessary to his political survival, then Chávez will do it," Roger Tissot, an authority on Venezuela's oil industry at Gas Energy, told the newspapers. "He is a military man who understands losing a battle to win the war."
Click to expand...
Now if only the rest of the left would realize you get a production boost and more efficient results from any of the private sector running things, including schools, health, the postal service and roads.
 
Damocles said:
Nobody deserves it more. Nothing proves that Socialism fails more than watching them beg to bring back Greed months after attempting to remove it from the equation. It's all good. I can sit by and take the "hits" when the economy is good and people are hatin' companies because they are "full of greed" and Libertarians are just "stupid" because they think human nature trends in that direction..., because I know that when the stuff hits the fan even the Socialists call on the great god of Greed to save them.

You can reign it in, but when you attempt to eliminate it the nature of humans gets in the way and it becomes full of Phail (the modern Pagan god of.. well... Phail).

:D

Companies are not people and shouldn't be treated as such and should be watched and regulated (I know not very "Libertarian", but real people are victims of the nonsense of Corporate "rights" and the government, even with Libertarians, is supposed to protect the individual's rights.) But the idea that they can never be beneficial tools, and that we should attempt to eliminate human "frailties" from the equation by nationalizing production is just full of Phail.
Click to expand...

Greed is evil.
 
KingCondanomation said:
Now if only the rest of the left would realize you get a production boost and more efficient results from any of the private sector running things, including schools, health, the postal service and roads.
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Then why are we dead last in developed nation amongst all that you've mentioned?

Besides the postal service, of course.

Greed is not only evil, it's inefficient and ineffective. That market is stupid, the state is wise.
 
KingCondanomation said:
Now if only the rest of the left would realize you get a production boost and more efficient results from any of the private sector running things, including schools, health, the postal service and roads.
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And prisons. We got a healthy boost in prisons too when corporations started running them for profit and a force to keep stupid drug laws in place so they can maintain a larger profit margin.

It increases incentive to put more people in prison and with our coin operated government makes it so laws like MJ legalization, even when passed, are often totally ignored. (Like in Denver).
 
Fap said:
Greed is evil.
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Greed is something that should be understood and either used (in order to get more effective production) or curtailed (to protect the individual from faceless corporations).

The assumption that such a motivator is "evil" is only if you ignore the positive you get and only focus on the negative. When you do that you wind up begging for the return of the corporations you just shut down.
 
Actually I think some US refineries are about the only ones set up top refine the crude form Hugoland anyway.

I think I read that somewhere.
 
This is part of the reason that I'm reluctant to hop on board the national security argument for increasing domestic oil development regardless of cost: even though some countries are our enemies, they have no choice but to sell oil. They couldn't hoard it even if they wanted to.
 
Dungheap said:
This is part of the reason that I'm reluctant to hop on board the national security argument for increasing domestic oil development regardless of cost: even though some countries are our enemies, they have no choice but to sell oil. They couldn't hoard it even if they wanted to.
Click to expand...

I support use their oil first and save ours for later.
 
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