Chavez- at it again

[Zim]

Seems like a waste of time. Oil prices are set based on a relationship between worldwide supply and demand. If one country bans exports to a particular country, it won't result in a cost increase for the latter, it will just mean that they buy their oil elsewhere.

[HoreTore]

Seems like a waste of time. Oil prices are set based on a relationship between worldwide supply and demand. If one country bans exports to a particular country, it won't result in a cost increase for the latter, it will just mean that they buy their oil elsewhere.

No, the oil price is determined by whatever OPEC says it should be.

As for the topic itself, I say GO CHAVEZ! Finally showing some promise again after some ridiculous moves.

[Zim]

OPEC manipulates prices by increasing or decreasing their output of oil. If Chavez wanted to affect prices he could try to do the same, although it wouldn't have much effect if only Venezuela went through with it.

It's an empty gesture, most likely made as a way for him to gain political capital without actually taking an action that would incur any real consequences.

No, the oil price is determined by whatever OPEC says it should be.

As for the topic itself, I say GO CHAVEZ! Finally showing some promise again after some ridiculous moves.

[HoreTore]

OPEC manipulates prices by increasing or decreasing their output of oil. If Chavez wanted to affect prices he could try to do the same, although it wouldn't have much effect if only Venezuela went through with it.

Chavez is a member of OPEC. And he holds more sway over them than non-members do(like the US). And if he decides to shut down, it's rather doubtful that the other OPEC-members will increase their capacity to keep oil prices down, thus increasing oil prices. Chavez actually has a lot of power when it comes to oil. Besides, what serves the US best; keeping a low oil price, or help one corporation avoid paying for their past corruption?

[CountArach]

If Exxon wins that case, I say shut it down Chavez. They don't deserve to own your nations wealth.

[Ice]

If Exxon wins that case, I say shut it down Chavez. They don't deserve to own your nations wealth.

Then don't allow them to invest billions in your country and then decide "hmm, I think we'll take all the infrastructure you set up and not let you have any of the oil proceeds that you invested billions in"

Besides, this is Exxon Mobile, a private company, you know... a company not run by the government?

DC would have a hard time interfering in this matter.

Good for Exxon Mobile for sticking it to Chavez.

I'll reinvest my money back in the company just out of principle now.

[HoreTore]

Then don't allow them to invest billions in your country and then decide "hmm, I think we'll take all the infrastructure you set up and not let you have any of the oil proceeds that you invested billions in"

Besides, this is Exxon Mobile, a private company, you know... a company not run by the government?

Exxon Mobile is a thoroughly corrupt company, in that they have no reservations for paying off corrupt state officials to get their way.

It's about time they got smacked. It's well deserved.

[Zim]

Saudi Arabia tends to increase production when the U.S. pressures them to, actually.

At this point Chvez doesn't even seem to be threatening to shut down, but just a rather ineffective sanction. He couldn't even lower production without the rest of OPEC, since they all have to do it together or prices wouldn't change much and he'd lose too much of the money he needs for his social and other programs. I don't think they'd follow his lead at this point. I'm sure it's only a matter of time before they cut off production to raise prices again, but it won't be on Chaves's timetable.

If the British and American (and, if Exxon have their way, international) courts decide Venezuela is in the wrong in this case, I don't think political pressure should affect the case, however much it irks President Chavez.

As a side note I also rather question his method of calling every single country that even appears to stand a chance to agree with the U.S. at a single point of time on a single issue a puppet (well, lapdog in the case of Mexico a while back). As if that will inflame British opinion in his favor somehow.

Chavez is a member of OPEC. And he holds more sway over them than non-members do(like the US). And if he decides to shut down, it's rather doubtful that the other OPEC-members will increase their capacity to keep oil prices down, thus increasing oil prices. Chavez actually has a lot of power when it comes to oil. Besides, what serves the US best; keeping a low oil price, or help one corporation avoid paying for their past corruption?

[CountArach]

If the British and American (and, if Exxon have their way, international) courts decide Venezuela is in the wrong in this case, I don't think political pressure should affect the case, however much it irks President Chavez.

Actually nothing could be more valuable to his Presidency than if America denounced him.

[Zim]

Valuable to Chaves' presidency? I imagine you're right, but I would hope both the U.S. and British governments would let their courts decide the legal issue without pressuring them either way or making too many public statements.

Actually nothing could be more valuable to his Presidency than if America denounced him.

[Caius]

As for the topic itself, I say GO CHAVEZ! Finally showing some promise again after some ridiculous moves.

Go Chavez = Long live the Che = Long live the commies??? No, thanks. Its just ridiculous(sp?), but coming of you we will enter in a fight ala Cold War.
Chavez is a poor guy. Someone who says a lot, and you wanna know what he did? He bought a part of SanCor, an important Argentinian company. IT was supposed to make it function better. And we have the same **** from them.

He is inside Colombia, declarating himself God and going around and liberating Hostages like he was Rambo or someone else... I say he needs some serious help, and less attention of him in a wargaming forum.

[Tribesman]

you wanna know what he did? He bought a part of SanCor, an important Argentinian company. IT was supposed to make it function better. And we have the same **** from them.

You wanna know what he did , he took over a large debt that Argentina couldn't manage with its economy spiraling out of control , he bought out Shell because they was pulling out , he invested in the state owned oil company , he signed contracts with government shipyards for maintainance and repair of Venezuelan ships and signed contracts with private shipyards for new construction of Venezuelan ships , he also did a deal to sell them oil in exchange for beef .
If argentina in the state it was in could have got a better offer perhaps it would have taken it , but given the way it was going there was a bit of a shortage of offers .

He is inside Colombia, declarating himself God and going around and liberating Hostages like he was Rambo or someone else...

Now that is priceless , thanks for the laugh Caius

[Caius]

Now that is priceless , thanks for the laugh Caius

[JAG]

Damn those Columbians, voting in Chavez time and again..



Did I say Columbia? They are all the same.

[Ice]

Damn those Columbians, voting in Chavez time and again..



Did I say Columbia? They are all the same.

If you are making fun of Caius, he is from Argentina and most likely knows very well where Venezuela and Columbia are.

If you aren't, than your joke is even less funny. Most people know the difference between the two countries, atleast on this board.

[Caius]

Damn those Columbians, voting in Chavez time and again..



Did I say Columbia? They are all the same.

I thought you liked Socialist leaders, JAG.

And yes, I know the diference.

[Crazed Rabbit]

Damn those Columbians, voting in Chavez time and again..



Did I say Columbia? They are all the same.

Erm, you do know who he went about organizing a hostage release by the FARC, marxist (or maoist?) Columbian rebels?

I think JAG's the one who didn't get the reference.

Anyways, all the new factories, etc. he builds or whatever doesn't matter due to the nature of the oil market.

:shurg:

CR