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Eugene Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-13-07 07:04 AM
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Exxon seeks deal on Venezuela oil - BBC
Source: BBC News

Last Updated: Thursday, 13 September 2007, 06:21 GMT 07:21 UK

Exxon seeks deal on Venezuela oil

Exxon Mobil is seeking arbitration over a stand-off
with Venezuela about the takeover of its oil assets.

The US oil firm made its case to the International
Centre for Settlement of Investment Disputes, a group
with close ties to the World Bank.

It has not said how much compensation it wants for
the 41.7% stake in the Orinoco Belt oil field - worth
an estimated $750m (£370m).

Venezuela took over the oil project as part of a
nationalisation drive.

-snip-

Read more: http://news.bbc.co.uk/2/hi/business/6992487.stm
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Peace Patriot Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-13-07 10:53 AM
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1. Exxon wants its "pound of flesh" after having stolen billions of dollars from
Venezuela's poor, and yet more billions from poor U.S. taxpayers in Bushite corporate welfare and gas gouging, and furthermore helping to deprive the entire human race of our only home, planet earth, by diverting the U.S. government away from environmental protection and into a corporate resource war.

The people of Venezuela are patient, indeed, with a fierce commitment to the rule of law and to their constitution, to be contemplating "fair payment" to these monsters. The World Bank--the loan sharks of the global corporate predators, already on the run in South America--had better watch its step on this one. Country after country is rejecting World Bank/IMF policy, and getting themselves out of World Bank debt, determined never to get into it again, and the most advanced leftist (majorityist) governments have formed the Bank of the South, to provide financing that promotes rather than destroys social justice, and that furthers regional integration and South American self-determination.

The vast, exploited, brutalized population of South America, which is putting our own country to shame, with its well-organized grass roots democracy movement and long hard work on democratic institutions--such as transparent vote counting--is "on to" the World Bank and its predatory financiers, "free traders," sweatshop proliferators, first world agricultural dumpers, death squad funders, and destroyers of the planet. If the World Bank sides with Exxon in this dispute, the World Bank will entirely lose South America as a "gold mine." So it will be interesting how this comes out.

You wonder why the war profiteering corporate news monopolies demonize Hugo Chavez, and thus try to personalize and marginalize the great democracy movement that is sweeping South America? This is why. The people of South America have done their homework! Chavez is only one of MANY new leftist leaders who actually represent the interests of their people, because they were really and truly elected, in a vast, peaceful, genuine peoples' revolution.

It's time we took a lesson or two from the South Americans, and un-rigged our own elections and started freeing ourselves from our Corporate Rulers.
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