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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I posted this on the other thread...

Senator Murphy just said on IG that he got his first briefing on this and while he obvs can't share details, he said:

1. There was zero justification.

2. The briefing said there is no fentanyl coming from Venezuela, but that it's cocaine and it's going to Europe NOT to the US. Ergo, we are literally spending taxpayer money to fight drug crimes in Europe![/quote]

No we aren't. Don't be naive. This is about imperialism. [b]We're demanding access to their oil and land which we somehow claim they took from us. Trump said as much in his post about the blockade.[/b] [/quote]

Just a bit of history to inform you.

Venezuela started nationalizing its oil industry in the mid-1970s.  ExxonMobil, Chevron, Texaco, Gulf, ConocoPhilips etc. all had major oil operations there.  Those operations were appropriated by Venezuela piecemeal since then and the only US oil player who remains is Chevron.  And Chevron does so through special licenses granted by the US Treasury, Department of Commerce and Venezuela.  So, yes, Venezuela did take land and oil from US companies.  Thisis a pretty stupid solution to crap that occurred 25-50 years ago, though.[/quote]

Wasn’t this settled in international courts through reparations? [/quote]

Yes, Exxon has won a bunch of lawsuits against Venezuela and has been paid most of what it won.  They are still some fights about a couple hundred million or so.  Apparently American soldiers should be put in harms way for the sake of Exxon profits.  [/quote]

Couple hundred million!!???!!

Try around 150 BILLION in claims related to Venezuelan property takings.  It wasn't just Exxon.  And people are clamoring for Venezuelan assets.  Citgo lost a case in the past few years involving creditors trying to seize Venezuelan assets.  It was 20 billion dollars worth.[/quote]

That is laughable. Exxon was took 1.5 million barrels oil a day from 1950-1975. Do you just make up these number? What people are clamoring for Venezuela 17 year oil assets?

Under international law any country can nationalize its resources. The country only has to pay [b]fair market value [/b]for the assets. Venezuela nationalized heavy oil projects in the Orinoco Belt in 2007. ExxonMobil took Venezuela to international arbitration (ICSID, ICC) seeking compensation.

ExxonMobil's heavy oil projects in the [b]Orinoco Belt was valued by Exxon at 5 billion in 2006. [/b]Exxon claimed a fair market value of 10 billion. In 2014 ICSID awarded ExxonMobil $1.6 billion for the expropriated assets. Venezuela argued the amount was less than sought to reduce to claim. To date Venezuela has paid over $1 billion to ExxonMobil. [b]Not even close to 150 billion! [/b]

Here is why Exxon and the Texas oil men are so bitter. In 2008 The state-owned oil company, Petróleos de Venezuela (PDVSA), produced 3.2 million barrels per day (bpd). Including liquefied natural gas, the company claimed a total daily production average of 3.42 million barrels. In Jan 2008 oil was $90 a barrel by July $147 a barrel. Oil crashed to $40 by Dec but the average price was $98 a barrel. Venezuela oil production cost are $8-$10 a barrel.

Now do you think Exxon will be invited back into Venezuela? [/quote]

It wasn't just Exxon you idiot.[/quote]

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