Comments on: Breaking News: Exxon Mobil “No Longer Welcome” in Venezuela

By: By Distributing Free CFL Light Bulbs, Hugo Chávez Slyly Gains More Political Power and Saves Venezuela Electrical Power – ProHho

Wed, 30 Jul 2008 20:49:52 +0000

[...] Exxon Mobil “No Longer Welcome” in Venezuela [...]

By: jimmy

jimmy — Wed, 20 Feb 2008 17:25:22 +0000

Let’s not forget that Exxon and the other oil companies developed the Orinoco Valley under contract and that Hugo chose to default on that contract and basically steal the investment of these companies by nationalizing their work. Most people would define it as stealing, anyway.

Hugo’s big adventure is not sustainable. Capitalism created the big pie, upon which he is munching. It’ll be gone soon enough and when Hugo can’t buy his popular support anymore he’ll impose it with the army. Brain-drain is in process because the people who actually built their own wealth in Venezuela can see the writing on the wall and know that when the big companies like Conoco and Exxon are depleted Hugo will come for their wealth also; to continue buying support from the masses with money he did nothing to earn.

When there is no longer reward for risk, investment, innovation and hard work only those who eschew these qualities will remain. Such a system fails every time it is tried. He is on path for a melt-down of Ayn Rand proportions.

http://rationalenvironmentalist.com

By: David Adams

David Adams — Sat, 16 Feb 2008 23:08:53 +0000

Thats the best thing they could have done for us. The more they and others deny the USA foreign, the faster we will work to eleminate our dependency on fossil fuel.
We have a oilman Texan as a leader now. Is it any wonder? If GB would get off of his butt and encourage alternative fuels we wouldn’t have a serious problem with energy in this country. That will never happen because this administration knows who butters its bread.
We need more countries to deny us oil.

By: Michael Hudson

Michael Hudson — Sat, 16 Feb 2008 20:49:28 +0000

Thanks for publishing that Gav. We need to get out of our cars here as much as where you are.
Here in Venezuela, less foreign oil exploits mean more internal revenue, wich means an investment in weening the Venezuelan economy off of oil, (thanks entirely to the Chaves born Bolivarian Revolution.)
Moves such as this have done wonders for the Venezuelas´ ability to invest in the public interest. The refusal to comply with the world banks expoloitive loan terms a couple years back has alowed chavez to pay off the national debt entirely, funded thousands of small scale business and cooperative loans thereafter, and has funded govornment projects such as a cross country bullet train and electric trollies in all major cities. (by the way, nearly all electricity here is created by an eco-freindly partial daming of the Orinoco river.) PDVSA also funds constant research into cleaner gas. (What in the U.S. they call “regular” is prohibited here. We have 91 and 95 octane. 95 octane is not yet available in the U.S. and has been on the market here for years.)
Enough said. Go Obama.
A note from Mèrida, Venezuela

By: Mark Seall

Mark Seall — Sat, 16 Feb 2008 12:11:30 +0000

The essential problem is, that like drug addicts we need this stuff so badly that we will do almost anything to get it.

And just like a drug producer, some oil rich nations have been using the proceeds of our habit to achieve dubious aims also.

It’s a habit that we need to kick, but addiction rarely has a simple solution.