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Chavez and CITGO Plunder Venezuela's Oil Service Sector
American Spectator ^ | May 11, 2009 | Matthew Vadum

Posted on 05/11/2009 6:32:04 AM PDT by vadum

Venezuela's socialist strongman Hugo Chavez ordered the expropriation of some 60 oil service companies and assisted government-owned oil company PDVSA (parent of CITGO) in looting those firms unfortunate enough to have invested in the workers' paradise. 

"To God what is God's, and to Caesar what is Caesar's," said the Venezuelan president as he stole at least a dozen oil rigs, more than 30 oil terminals, and more than 300 boats. "Today we also say: to the people what is the people's," said Chavez, who is a hero to his American friends and admirers including actors Sean Penn, Danny Glover, Kevin Spacey, Ed Asner, singer Harry Belafonte, and supermodel Naomi Campbell.

Ana Maria Ortiz and I profiled the pro-terrorist Chavez and his American buddies in Organization Trends last year.

(Excerpt) Read more at spectator.org ...


TOPICS: Business/Economy; Conspiracy; Politics
KEYWORDS: chavez; citgo; penn

1 posted on 05/11/2009 6:32:06 AM PDT by vadum
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To: vadum

Thanks very much for the post and your work. BTTT!


2 posted on 05/11/2009 6:34:24 AM PDT by PGalt
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To: vadum
"and more than 300 boats. "

Sounds like more piracy that needs to be stamped out.

3 posted on 05/11/2009 6:34:35 AM PDT by Paladin2 (Big Ears + Big Spending --> BigEarMarx, the man behind TOTUS)
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To: vadum

Sean Penn would just die if we went over to his place and looted it ~ “Power to the People” Sean!


4 posted on 05/11/2009 6:34:56 AM PDT by muawiyah
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To: PGalt

bump


5 posted on 05/11/2009 6:55:21 AM PDT by vadum
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To: vadum
Hugo Chavez has merely aped the thuggery of Barak Obama at Chrysler.


6 posted on 05/11/2009 7:02:34 AM PDT by nathanbedford ("Attack, repeat attack!" Bull Halsey)
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To: vadum

Goverment theft like this isn’t socialism, it’s fascism. No wonder Chavez and Hussein are such big buddies. Our acting president probably can’t wait for this thugs book to come out.


7 posted on 05/11/2009 7:09:53 AM PDT by Oldpuppymax (AGENDA OF THE LEFT EXPOSED)
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To: nathanbedford
Hugo Chavez has merely aped the thuggery of Barak Obama at Chrysler.

My thoughts exactly. Neither country lives under the rule of law any more. It's all about power, and both leaders believe they have the power to take by force. I'm wondering whether they will succeed at a long term cost much greater than the value of what they steal, or just fail violently.

Even before Obama's "spread the wealth around" comments and the first serious discussion of TARP, Pelosi's House worried me, so I pulled out in time and at a profit. The real worry is where business in the US and in Venezuela will get investment capital in the future. It won't be from me! I don't know how long it takes to restore trust after the government itself steals from investors or from lenders, but it'll be a long time.

8 posted on 05/11/2009 7:31:36 AM PDT by TurtleUp (Turtle up: cancel optional spending until 2012, and boycott TARP/stimulus companies forever!)
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To: vadum

Anyone that buys Citgo gasoline is an idiot. You’re supporting a Marxist thug.


9 posted on 05/11/2009 7:48:26 AM PDT by DesScorp
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To: vadum

This world is building toward a explosion of war.


10 posted on 05/11/2009 7:50:01 AM PDT by Kakaze (Exterminate Islamofacism and apologize for nothing.....except not doing it sooner!)
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To: vadum
Wasn't CITGO once owned by 7-Eleven?
11 posted on 05/11/2009 8:05:41 AM PDT by keving (We get the government we vote for)
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To: nathanbedford

bump


12 posted on 05/16/2009 10:17:30 PM PDT by vadum
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