[Cyber Liberty]

I don’t have much sympathy for companies that continued to do business with Chavez after he nationalized the first batch of companies.

[4Liberty]

[VRWCTexan]

Double Ditto - It’s not like there were NO flashing red neon warning / danger signs....

[craigster_nc]

I wonder if they had insurance to cover this lose?

[agere_contra]

I don’t have much sympathy for companies that continued to do business with Chavez after he nationalized the first batch of companies.

You're missing the point, as well as blaming the victim

Let's say you run a rig. Chavez nationalizes the one next door. Who on earth can you sell your rig to? Answer: no-one on earth. Chavez will 'buy' it, but the price he offers is zero.

So you mothball the plant. But Chavez threatens to seize it if you don't agree to resume work at a functional loss (including risk costs, you see).

Still not worth running the plant. So Chavez steals it, knowing that the worlds' SuperPower is suffering from temporary insanity and won't stop him