Bolivia seizing international oil company assets

there will be those who'll organize chaos. They did it in Chile 1973 and they can still do it wherever they have an interest of doing so.

According to your own theories, the people wouldn't rise up if they weren't unhappy with their leaders.

Consider the following: Resources don't process themselves. That means someone has to invest in the infrastructure to get the oil out of the ground, etc. Where does that come from? No government generates its own capital -- it can only take that from its people. If the people have none to give, that government must get assistance from the outside world.

This is what has happened in Bolivia between other countries and companies (I heard something like $3Billion investment by "Big Oil"). They invested capital for infrastructure and are paying the people. Bolivia entered into contracts with these companies to allow them rights in exchange for some royalties or other arrangement. Now Bolivia wants to take that all back. What do you think the chances are that the PEOPLE of Bolivia will benefit from the STEALING of this capital? In the hands of a corrupt government you will see the economy tank as production declines, etc.

Been seen in Venezuela. I'm sorry for the people there who don't see Chavez as their problem. He's certainly no solution!

Brazil, one of Bolivia's biggest customers invested over 1 Billion dollars in the gas exploration/development. What do they get? Mexico promised x number barrels of oil for loans from the International Monetary Fund and the World Bank. Where is all that money going? Evidently not to the people. The U.S. donates to those two bodies, but lately they've been trying to set our tax rate to help the poorer countries. It's time to close our borders period. Any oil or gas pulled out of U.S. ground should stay in the U.S.. How about U.S. tax dollars for U.S. CITIZENS!

Tom

The fact that someone writes a law saying stealing is okay does NOT make it okay. You should be appalled that they have legalized theft, not trying to justify it.

How about when they legalize genocide? Will it be okay then? Geez! Get some sense.

You ought to get your act together. If you didn't read my post, please try again because nowhere did it say that people were allowed to steal in Bolivia. With your analogy you must mean that it's to steal to charge people taxes to fight crime or to develop atomic weapons or why not to invade and occupy other countries. And it must be to steal to try to keep other nationalities outside our country. And it must be to steal when they build roads so you can pollute the environment. Etc, etc. And to privatize isn't to steal what's owned by the people, right?

THAT'S THEFT! Very easy to comprehend. Just because they pass a law saying it's okay, doesnt make it okay.

But the socialist disease is sometimnes fatal when contracted.

Do you not notice that socialism has been a miserable failure every time and in every place it's been tried?

Watch what happens to people who do not treat their neighbors with integrity. It will probably take a few years, so don't fall asleep.

The Canadian PEOPLE are ALL benefitting from the economic growth of their economy because of the high demand for their oil. It's being pumped out by "evil" multinational companies. OTOH, Chavez people aren't doing too well. Neither are Mexico's.

The Dems and tree-hugging liberals have refused to allow U.S. companies to explore or drill for new reserves. But the liberal loud-moths love to blame the President while selling the country out.

You've been called on it several times. I noticed a backtracking in one thread, but now you're back to the same BS.

Maybe if the anti-American left would show SOME support for their elected government, the rest of the world would show a bit more spine towards Iran. Meanwhile if Clinton hadn't vetoed ANWR almost a decade ago, we would be pumping oil now. Same for the restrictions on refining that have choked the industry from building more and expanding. It's amazing how much they HAVE managed to do, really. And you ignore the taxes and the price premium the special blends add on. We can't make enough ethanol to replace all the MTBE in gas and CONGRESS slapped a huge tariff on foreign ethanol to subsidize our ethanol industry.

Anyway, we're no where NEAR teetering on the edge of a worldwide oil shortage. It's the refining that's the problem. But you're perfectly happy to outsource those jobs and apparently import the more expensive refined product too.

If Bush caused the price rises as you say, how come the prices are going up in all the other countries, some of which have even stricter environmental laws than CAFE at its strongest?

Where did you find this bizarre theory? Or did you make it up yourself? The reasons for the "high" gas prices are well documented and have nothihg to do with Bush or CAFE.

We are far from "teetering on the edge of a real worldwide shortage." That's just nonsense.

And Bolivia IS just a drop in the bucket.

And they can take their friends with'em.

Venezuela recently voided drilling contracts with private companies at 32 oil fields, demanding new contracts that give the state oil company a 60 percent stake. Ecuador is finalizing a law that could limit excessive profits by foreign crude producers.

VENEZUELA 1,353,000 brl/day

ECUADOR 222,000 brl/day

Oil, Oil, We don't need no stinkin' oil!

keester collecting unemployment payments from the government.

Send it south. We can always use more oil here in the US.

Ahhh...The good life, Ya gotta love it

The money the government gives out, It got it from the people.

We'll go elsewhere. Too bad we didn't start drilling ANWR long ago!

The country?