DEAR GOD this Hugo Chavez person is going to ALLOW FOREIGN COMPANIES to invest in Venezuelan oil fields, which proves he is being DESTROYED by the world economix problemz! Simon Romero gets the front page New York Times scoop on this stunning turn of foreign investment weakness. Apparently Venezuela usually prefers to do business "with national oil companies from countries like Iran, China and Belarus" [or, like France or Brazil, but whatever--ed.] but now he's being forced to start a bidding process with private U.S. companies because of the low oil prices. This is all a "HUMILIATION!!" for Chavez, according to Drudge.
Anyway later in the story you find out "The bidding process was first conceived last year when oil prices were higher" because...what? Fucking Simon Romero.
Comments (8)
Correction: Should read Cemex stock (CX), not Exxtortion (XOM). Same diff, though: it's still "No Volverán" for Cemex, too. If poor people are ever gonna get to build decent housing for themselves, they need decent cement that they don't have to buy at extortionate rates from foreign companies, duh.
Posted by QueenBina
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January 16, 2009 9:39 PM
Posted on January 16, 2009 21:39
Yeah, they hate Chavez because he has a silly, socialist notion that Venezuela should maximize the nation's share of the oil wealth--and they want to spend the profits on POOR people. How freak'n low brow and tacky.
But these huge, generous corporations will show Chavez, they don't need to be abused by a South American strong-man/dictator.
Heh. I am sure that in two years Chavez will be begging US oil companies back to Venezuela, luring them with the generous terms that more resemble the status quo ante.
Venezuelans should be honored that these companies would even think about polluting their lands and exporting all profits from oil.
When will poor third-worlders ever learn to take what the master offers and simply fade into the back-ground--or, better yet, die.
But, mark my words, Chavez will be begging Exxon and Chevron to come back.
Posted by Slave Revolt
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January 16, 2009 7:04 PM
Posted on January 16, 2009 19:04
As I often like to say, most journalists are stupid, and the nature of the job (deadline pressure comes to mind first) ensures that it stays that way. Simon Romero is not the worst journalist NYT has had. My favorite was one of their journalists who used to report from India, and when doing a puff piece on the Chief Minister of an Indian state, claim that the secret to his success was that he spoke the local language of the state rather than something else.
Posted by Utpal
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January 16, 2009 1:59 PM
Posted on January 16, 2009 13:59
The big news of the day, regarding ExxtortionMobil, is that "No Volverán" still holds. But shhhh, don't tell it to this assclown:
http://www.bloggingstocks.com/2009/01/15/hugo-chavez-wants-those-bad-capitalists-to-bail-him-out-of-a-jam/print/
...who thinks he knows something about what's going on, and who's no doubt hoping his XOM stock will go up if he's bull(shit)ish enough.
Posted by QueenBina
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January 16, 2009 10:29 AM
Posted on January 16, 2009 10:29
Not only is it a long list of countries, but it really isn't news. Foreign companies have had their Orinoco turf demarcated for years.
Posted by Greengeeta
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January 16, 2009 9:00 AM
Posted on January 16, 2009 09:00
Wow, imagine that! First Hugo Chavez makes Venezuela attractive to foreign investors, then he has to suffer the humiliation of foreigners investing in his country's economy. Shit, next thing you know, Venezuela will suffer the ultimate embarrassment of a more powerful currency!
Posted by ThirdSection
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January 16, 2009 3:33 AM
Posted on January 16, 2009 03:33
Romero is a tool.
Posted by Damian
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January 16, 2009 12:33 AM
Posted on January 16, 2009 00:33
........or Sweden, or Norway, or Portugal, or Italy, or Canada, or the UK (BP) or the USA (Chevron)...it's a long list of 60 companies in 14 different countries.
Sadly true, Rosemary. One doesn't earn the epithet 'Latin America's Worst Journalist' for nothing.
Good taste in restaurants, though.
Posted by otto
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January 15, 2009 11:31 PM
Posted on January 15, 2009 23:31