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exxon logoAs I fully expected, I've received a fair amount of comments on a recent blog post in which I proudly took a stance in favor of Exxon's court backed demand that the government of Hugo Chavez immediately ante up for the oil infrastructure which the country he leads has stolen from Exxon Mobil Corp. (NYSE: XOM). Most of the commentary was lucid and well thought out on both sides of the argument, but one particular commenter really piqued my sense of intrigue.

The comment I'm referring to was an assertion that what the Chavez government has done by seizing the Cerro-Negro oil development is legal. For the purpose of this rebuttal, and because I am near totally ignorant of international law, I'm going to assume that comment was correct. Now, here comes the Devil's Advocate:

Continue reading United States government should nationalize some assets too

United States government should nationalize some assets too originally appeared on BloggingStocks on Thu, 14 Feb 2008 17:26:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>aircraft carrierAircraftCarrierassetsbuyoutCerro-NegroConocoPhillipsexxonfeaturedgovernmentHugo-ChavezimportnationalizeRussiaxomThu, 14 Feb 2008 17:26:00 EST<![CDATA[Exxon puts the smack-down on Hugo Chavez: Court freezes Venezuelan assets]]>http://www.bloggingstocks.com/2008/02/09/exxon-puts-the-smack-down-on-hugo-chavez-court-freezes-venezuel/http://www.bloggingstocks.com/2008/02/09/exxon-puts-the-smack-down-on-hugo-chavez-court-freezes-venezuel/http://www.bloggingstocks.com/2008/02/09/exxon-puts-the-smack-down-on-hugo-chavez-court-freezes-venezuel/#commentsFiled under: , , , ,

exxonYou may file this under: It's about time.

I've been patiently waiting for something to be done regarding the seizure of Venezuelan oil infrastructure by communist dictator Hugo Chavez. It appears that time has come, with the help of Exxon Mobil Corp. (NYSE: XOM). As reported by Reuters, approximately $12 billion in Venezuelan assets have been frozen. It's just too bad that John F. Kennedy isn't still around. He'd have already parked an armada of gunboats a mile off the sunny shores of Venezuela. There's a limit to the amount of guff we should take from an out-of-control communist dictator.

Continue reading Exxon puts the smack-down on Hugo Chavez: Court freezes Venezuelan assets

Exxon puts the smack-down on Hugo Chavez: Court freezes Venezuelan assets originally appeared on BloggingStocks on Sat, 09 Feb 2008 12:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Amy Meyers Jaffeasset freezeCerro NegroCerro-Negrocommunist dictatorConocoPhillipsCOPExxonfeaturedHugo ChavezHugo-ChavezPDVSAStephen ZamoraVenezuelaVenezuelan oilXOMSat, 09 Feb 2008 12:40:00 EST