Saturday, February 16, 2008

Hugo goes begging

Got to love this. Muy loco el Presidente Hugo has sent a plea to the Senate Foreign Relations Committee for them to intervene and stop the freezing of PvDSA's $12billion in assets.

Venezuela's ambassador to the U.S. has asked Sen. Richard Lugar to press Exxon Mobil Corp. to drop legal measures that have frozen $12 billion in assets worldwide.
"Through tactics that can only be compared with the very discredited strategy of pre-emptive war, Exxon Mobil has clearly violated the terms of the arbitration process," Bernardo Alvarez, Venezuela's ambassador to the U.S., said in a letter to the Indiana Republican that was released by the embassy Friday. Lugar is the top Republican on the Senate Foreign Relations Committee.

Of course Venezuela would not be over a barrel and begging the war-mongering gringos of the United States if they had abided by the contract they had with Exxon. Instead Hugo Chavez thought, since he was in charge, that he could merely violate a written contract between the country of Venezuela and Exxon to fully exploit an oil field in the name of social justice. Exxon has merely acted in the interest of its shareholders, who's money is invested in this oil field, to protect its investments, to keep sacred such contracts in the future, and to prevent anyone else from trying this trick.

Until Hugo Chavez returns these oil fields to their rightful owners and honors the contracts his country entered into in solemn good faith, he can cry me a river. The Orinoco in fact.

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