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Oil.

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__sneaky__ View Drop Down
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Voted 2010 Most Improved horse fondler.

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Post Options Post Options   Thanks (0) Thanks(0)   Quote __sneaky__ Quote  Post ReplyReply Direct Link To This Post Topic: Oil.
    Posted: 25 June 2010 at 4:16pm
Not our strong suit as of late.
 
CARACAS, Venezuela – Venezuela's government has seized control of 11 oil rigs owned by U.S. driller Helmerich & Payne, which shut them down because the state oil company was behind on payments.

Oil Minister Rafael Ramirez announced that Venezuela would nationalize the Tulsa, Oklahoma-based company's rigs. He said in a statement Wednesday that Helmerich & Payne had rejected government demands to resume drilling operations for more than a year.

Helmerich & Payne announced in January 2009 that it was stopping operations on two of its drilling rigs, because Venezuela's state-run oil company, PDVSA, owed the company close to $100 million. It said it would shut down the rest of its rigs by the end of July as contracts expired unless PDVSA began to make good on its debts.

Link: http://news.yahoo.com/s/ap/20100624/ap_ … oil_rigs_2
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choopie911 View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote choopie911 Quote  Post ReplyReply Direct Link To This Post Posted: 25 June 2010 at 8:47pm
Massey Energy, Goldman Sachs, and British Petroleum have done a better job than any terrorist could dream.
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request denied

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Post Options Post Options   Thanks (0) Thanks(0)   Quote Rofl_Mao Quote  Post ReplyReply Direct Link To This Post Posted: 25 June 2010 at 11:05pm
Um, they can't do that?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote ParielIsBack Quote  Post ReplyReply Direct Link To This Post Posted: 25 June 2010 at 11:28pm
Sure they can.

Wonder what they would do if we dropped a couple JDAMs on those rigs.  Perhaps even give them time to evacuate beforehand.
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choopie911 View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote choopie911 Quote  Post ReplyReply Direct Link To This Post Posted: 26 June 2010 at 12:05am
Originally posted by Rofl_Mao Rofl_Mao wrote:

Um, they can't do that?


Why not? They sieze airplanes if you stop paying for them. They sieze your house if you stop paying. same idea
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stratoaxe View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote stratoaxe Quote  Post ReplyReply Direct Link To This Post Posted: 26 June 2010 at 2:05am
Originally posted by choopie911 choopie911 wrote:

Originally posted by Rofl_Mao Rofl_Mao wrote:

Um, they can't do that?


Why not? They sieze airplanes if you stop paying for them. They sieze your house if you stop paying. same idea


I may have misunderstood the article, but the way I read it was that the South American company stopped paying the Tulsa company, so the Tulsa Company who owned the rig shut it down. The Venezuelan Government then came in and took over the rigs.

So it would see the foul is still on them.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote High Voltage Quote  Post ReplyReply Direct Link To This Post Posted: 26 June 2010 at 3:48am
Originally posted by choopie911 choopie911 wrote:

Originally posted by Rofl_Mao Rofl_Mao wrote:

Um, they can't do that?


Why not? They sieze airplanes if you stop paying for them. They sieze your house if you stop paying. same idea

No, this would be like seizing the bank because you didn't pay them for your house.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote choopie911 Quote  Post ReplyReply Direct Link To This Post Posted: 26 June 2010 at 4:00am
Then clearly I misunderstood, whoops
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