OT: Chavez took over!

[Ryan D]

Looks like I'll be driving the motorcycle more and more. Gas prices sure to rise . .



Venezuela pulls control from Big Oil

President Hugo Chavez makes an attempt to reclaim resources by taking operational control of the Orinoco Belt.

May 1 2007: 10:53 AM EDT





PUERTO PIRITU, Venezuela (Reuters) -- President Hugo Chavez's government took over Venezuela's last remaining privately run oil fields Tuesday, intensifying a decisive struggle with Big Oil over one of the world's most lucrative deposits.



Oil Minister Rafael Ramirez declared that the oil fields had reverted to state control just after midnight. Television footage showed workers in hard hats raising the flags of Venezuela and the national oil company at a refinery and four drilling fields in the oil-rich Orinoco River basin. Chavez planned a more elaborate celebration Tuesday afternoon with red-clad oil workers, soldiers and a fly over by Russian-made fighter jets.

 

[Tom Schindler]

So?





Tom

 

[Johnny O]

Good excuse to buy that Harley I think.

 

[WXMotorSports DecalsPartsAccs]

Tom-you don't think gas prices will rise with that news? Chavez took over some major old fields from some big companies. BP, Chevron, etc. Nothing positive sure can come out of it.

 

[Tom Schindler]

The oil industry will raise prices no matter what news is out there. Why should this be any different.



I think there could be some good coming out of the takeover.





Tom

 

[Alan Peters]

Expect some higher gas prices. Few less platfroms means, higher costs to R&D find and start drilling for new oil!



Its all about power and control, something "big oil" is quickly loosing.

 

[Mike M 6]

Just say "NO" to Citgo.



No BASS tournements for me now.

 

[Dallas Starr]

I expect higher gas prices everyday regardless of what happens in the news.

 

[Gavin Allan]

So when is the US government gonna get off its butt and start supporting/encouraging some new refinery construction?

 

[TrainTrac]

I think there could be some good coming out of the takeover.

Such as...?:huh:



Name one example of where gov't (and in this case, a Socialist dictatorship)has taken over a private business or industry and made it better. By better I mean more efficient and more profitable. I can't think of even one example, but I could name probably five examples right off the top of my head where gov't has screwed up a buisiness/industry.



Amtrak, anyone???

 

[Dallas Starr]

hahaha, the government will never step in. Why would they? People will always need fuel and they get paid more by the companies (legit or under the table) to leave them alone....