Posted on 06/26/2010 11:32:04 AM PDT by Cheap_Hessian
CARACAS (MarketWatch) -- Venezuela, facing criticism over its plan to nationalize 11 idled rigs owned by Helmerich & Payne Inc. /quotes/comstock/13*!hp/quotes/nls/hp (HP 39.07, +0.04, +0.10%) , said Friday the Tulsa-based company was the only one of 33 oil services companies that refused to renegotiate rates starting in early 2009, when oil prices were falling.
"Despite meetings with representatives and directors of H&P for nearly a year, it wasn't possible to reach an agreement due to the inflexible position of the said company," according to a statement from state oil firm Petroleos de Venezuela, or PDVSA.
Of the 32 companies that PDVSA successfully renegotiated terms with, 14 of them were local firms and 18 were foreign, PDVSA said.
(Excerpt) Read more at marketwatch.com ...
When they took over the coffee industry, production plunged.
OBAMA CHEERS RIG NATIONALIZATION
OBAMA CHEERS RIG NATIONALIZATION
OBAMA CHEERS RIG NATIONALIZATION
Obama has BP and more covered, Chavez is working on Helmerich & Payne Inc.
It’s a good start, in breaking the United States of any sort of energy independence and bringing her to Cap&Trade— the United States deemed the richest offender...she will pay all countries for this sin.
It will be a slavery of sorts, the citizens of the United States will be made to carry the burdens of the world, out of guilt, but the money will never serve those it is supposed to— it will serve the rich, ruling, connected hacks.
The alternative would have been to tell H&P to take there rigs and go home. I’m sure there were plenty of others who would have been glad to drill at the Chavez price.
I guess it’s cheaper to just take them.
The rigs will be paid for by civil litigation of Chavez’ wealth in the US (CITGO assets).
No one will ever go near Venezuela again without charging twice what the job costs, paid in full, in advance, plus pre-paid bonding of all in-country assets.
Capitalism is a bitch, Pig Boy Chavez!
We need to collectively get right up in their $hit, just like the good ol'days.
Sure, you get punched a bit and it really hurts, some of you will cry, some of you may die, but it sure feels great when the dance is done!
"Let's Dance!!!"
Agreed!
Let’s
Figures.
Theft is theft. Stolen property always belongs to hte legitimate owner from whom it was stolen.
Therefore, Nuke Chavez.
Then retake all “nationalized American wells”. All of ‘em.
Everywhere.
If they are run by government, that will happen quickly enough!
He's makin' a list
He's checkin' it twice
He's gonna find out who's naughty and nice
minuteman is comin' to town
He knows when you are selling out our nation
He knows when you acting like a dumb Hatian
He knows when you are conspiring with enemies
So you better be scared of the men of the "threes"
So, you better not loot, you better not steal
you better not bargain and make corrupt deals
cause
minutemen are comin' to town
the minutemen are comin' to town
minutemen are comin'
to town
*chuckle* I think you nailed it...
What makes things worse, IMHO, is that we fund Chavez through purchase of his oil. Our major oil suppliers are, in order of amount:
Canada
Mexico
Venezuela
The final two kinda make you sick, don’t they. Mexico thinks they have a god-given right to foist illegal aliens on us and Chavez rants about destroying our country.
...the Tulsa-based company was the only one of 33 oil services companies that refused to renegotiate rates starting in early 2009, when oil prices were falling.Thanks Cheap_Hessian.
Good LORD!!! Make it STOP!!!
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