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Big Oil, Big Ketchup and "The Assassination of Hugo Chavez"
Big Oil, Big Ketchup and "The Assassination of Hugo Chavez"
"Just after Bush's inauguration in 2001, Chavez's congress voted in a new "Law of Hydrocarbons." Henceforward, Exxon, British Petroleum, Shell Oil and Chevron would get to keep 70 percent of the sales revenues from the crude they sucked out of Venezuela. Not bad, considering the price of oil was rising toward $100 a barrel.But to the oil companies, which had bitch-slapped Venezuela's prior government into giving them 84 percent of the sales price, a cut to 70 percent was "no bueno." Worse, Venezuela had been charging a joke of a royalty - just 1 percent - on "heavy" crude from the Orinoco Basin. Chavez told Exxon and friends they'd now have to pay 16.6 percent.
Clearly, Chavez had to be taught a lesson about the etiquette of dealings with Big Oil"
Has Chavez been good for Venezuelans?
Is BIG OIL a threat to Chavez.
Is BIG OIL a threat to Maduro?
Is there something wrong with helping the poor?
Could we use a Hugo Chavez in this Country?
Big Oil, Big Ketchup and "The Assassination of Hugo Chavez"
"Just after Bush's inauguration in 2001, Chavez's congress voted in a new "Law of Hydrocarbons." Henceforward, Exxon, British Petroleum, Shell Oil and Chevron would get to keep 70 percent of the sales revenues from the crude they sucked out of Venezuela. Not bad, considering the price of oil was rising toward $100 a barrel.But to the oil companies, which had bitch-slapped Venezuela's prior government into giving them 84 percent of the sales price, a cut to 70 percent was "no bueno." Worse, Venezuela had been charging a joke of a royalty - just 1 percent - on "heavy" crude from the Orinoco Basin. Chavez told Exxon and friends they'd now have to pay 16.6 percent.
Clearly, Chavez had to be taught a lesson about the etiquette of dealings with Big Oil"
Has Chavez been good for Venezuelans?
Is BIG OIL a threat to Chavez.
Is BIG OIL a threat to Maduro?
Is there something wrong with helping the poor?
Could we use a Hugo Chavez in this Country?