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And, yes, I DO take it personally: Making people suffer through corporate and state-initiated economic warfare
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Monday, February 11, 2008

Making people suffer through corporate and state-initiated economic warfare


i posted the other day on exxon's move to freeze $12B of venezuela's assets via court orders obtained in britain, the netherlands, and the netherlands antilles, and also via a pending court action in the u.s... my point was that those assets belong to the PEOPLE of venezuela... they do not belong to hugo chávez nor do they belong to pdv (petróleos de venezuela s.a.), the state-owned oil company... exxon has declared economic WAR on the people of venezuela much as israel has done with gaza... given that the prime responsibility of the head of a sovereign nation is to his people, chávez has responded... unfortunately, his response stoops to the same low level as exxon, although i honestly don't see any other viable options...
Venezuela's President Hugo Chavez yesterday threatened to cut off oil sales to the United States if ExxonMobil pursues international court orders it has obtained against billions of dollars of Venezuelan state assets in a contract dispute.

"If you end up freezing [Venezuelan assets] and it harms us, we're going to harm you," Chavez said in his weekly radio and television show. "Do you know how? We aren't going to send oil to the United States. Take note, Mr. Bush, Mr. Danger."

Venezuela sells about 1.3 million barrels a day of oil to the United States, making it the fourth-largest source, at 14 percent, of U.S. petroleum imports.

naturally, those who worship at the twin altars of greed and power are thrilled at exxon's move...
"Hugo Chávez foolishly thought he could get away with it," said Fadel Gheit, oil analyst at Oppenheimer & Sons. "You just cannot go unilaterally and confiscate assets at will like that especially when your largest customer is the government of the company you're seizing assets from. Obviously Exxon is going to have the last laugh."

i'm so glad he thinks exxon will be laughing... israel must be positively doubled over now that egypt has re-sealed the border wall...

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