Chavez decrees nationalisation of Orinoco Strip
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Wednesday February 28, 2007 00:00
by good cuadillo bad capitalist
Some of you might have noticed your stock in BP, Exxon-Mobil, Chevron-Teaxaco, Conoco-Philips go down today. I know I didn't - but I did have to field any faxes from the French "Total" and Norwegian "Statoil". No bother - I just take the paper out of the machine.
Hugo Chavez has decreed a nationalisation of the Orinoco River strip which will come into effect on the 1st of May 2007. He explained this to his beloved people during the last episode of his regular TV show "Hola Presidente!".
It's not a 100% nationalisation in the traditional marxist model, because Hugo isn't a traditional marxist. The oil companies who are presently operation in the river area will have to become mixed companies with the majority shareholder being PDVSA the Venezuelan oil entity.
The next thing that will happen is he will name members of the committee which will deal with all the fine print. The Leader affirmed that he doesn't want the foreign corporattions to leave - but "that they continue to be partners - but now it is not they who are owners it is PDVSA and they are minority stock-holders".
You must now panic! Panic buy! Go to your local supermarket and stock-up on high sugar high fat (saturated) food! Do not buy anything with the word "fibre" written on the packaging - you just shite it out!
This mad man is endangering the world - a world in which the vice-president of the USA is considered a terrorist target by mad hindus during a visit to Afghanistan to broker peace with the phalestines.
When will you people learn? He is dangerous. He's not even married. Why is he doing this?
May 1 2007 will be the anniversary of Evo Morales the Bolivian president's decree that nationalised sub-soil hydrocarbon resources - which the devoted seeker of justice in the third world at the expense of mass fasting in Erin might relish.
"lick your lips".
Now if you can write a better review of this news - do so. add your effin links and explanation. call up Eoin Harris or Eamon Dunphy - they can spell and do paragraphs and non-defining clauses and not just use the hyphen all the time. "hola presidente!" is not online - nor is its script which is ad-lib'ed most of the time made available on the internet. Because the people who watch it don't read that well and haven't got ASDL. .................so no link to any organisation telling you what it means. You'll just have to believe the stock market in which case your belief is irrelevant to the news.