Hugo Chavez Dead

Coalkirk, just said that the people have stood behind him, the elections were monitored even by some U.S. for that matter & I don't recall any fraud reports. On the other hand he did take more control of the oil & he did make the extreme wealthy pay their share & he brought many improvements to the average man so I can see how Bush wanted to back a coup to get rid of him. I ain't saying he was a stand-up citizen just that the average person supported him, guess many it should have remained that not everyone could vote.

beemerboy wrote:I realize that the "free oil", all one one hundred gallons for each applicant per year, is just propaganda to make Chavez look good - or at least not as bad - but with all of the profit that the "American" oil companies make, why couldn't they help out some of our poorest citizens? And that is a shame on them that they won't kick in some oil.

A company like Exxon makes about 10% profit which is very small margin, the reason the profits are so high is becsue they sell a lot of refined oil. Why don't you suggest a company like apple operating on 30% take a cut?

samhill wrote: On the other hand he did take more control of the oil & he did make the extreme wealthy pay their share & he brought many improvements to the average man....

Short term gains only possible because of what the private sector built.

Richard, I believe that before Chavez most of the oil there was under U.S. & British control & they were naturally ripping that country off, to add to that I'm pretty sure both electric & natural gas were foreign owned. That's most likely why they tried to get rid of him, let's see what other kinds of military actions have there recently been that involve over oil? What happens when their oil runs out, I would venture to say the same thing as when our reserves run out & when we no longer produce the products that we need & we are well on our way there already.

samhill wrote:Richard, I believe that before Chavez most of the oil there was under U.S. & British control & they were naturally ripping that country off,.

US companies are just damn good at what they do hence the reason they are in demand across the world for their services. There is a reason a country like China looks to a company like Exxon to partner with to build an oil refinery. In Venezuela now that the people that know what the are doing are gone and becsue of the lack of reinvestment Venzuela's oil industry is crumbling. That has led to more accidents both industrial and environmental, I'm not making this *censored* up...

What happens when their oil runs out, I would venture to say the same thing as when our reserves run out & when we no longer produce the products that we need & we are well on our way there already

Sam when their oil runs out that country is going to collapse, there is nothing to replace it. Did you know the state run oil company is in debt? If you want an analogy it's like one of these stories you hear about the guy who won a couple million on the lottery and is broke a few years later. That's the road Venezuela is going down.

Richard, it looks to me like it's the other way around & that China's oil Co.s are doing pretty good for themselves & even buying into some of the other big oil, even the Canadian oil.
http://www.investmentu.com/investment-r ... anies.html

samhill wrote:Richard, it looks to me like it's the other way around & that China's oil Co.s are doing pretty good for themselves & even buying into some of the other big oil, even the Canadian oil.
http://www.investmentu.com/investment-r ... anies.html

Investing and operations are two different things Sam.

Dont know about you all but Ill bet grandmas knickers that fat prick is" smelling sulphur" in a big way now! Good riddance!

waldo lemieux wrote:Dont know about you all but Ill bet grandmas knickers that fat prick is" smelling sulphur" in a big way now! Good riddance!

"But he did so much good!" Is anyone else sick of hearing this crap.

Yep - the progressives are (predictably) hailing him as a hero to mankind. Is it any wonder the dem party is one step away from full blown socialism.

Rumor has it he died a VERY wealthy man. How wealthy? $3.2 BBBillion, I hear. Wonder why there are so many slums in Venezuela?? Wonder why the murder & kidnapping rate skyrocketed under his control?

Typical socialist. Socialism is ALWAYS good for the socialist ... but no so much for anyone else.

I do see many parallels between him & our current president's style of rule ...

SMITTY wrote:
I do see many parallels between him & our current president's style of rule ...

You see that to? I was thinking that I the way home today.

It's as if it was taken right out of Chavez's playbook.

They did seem awfully friendly during obama's last visit. Seems as though Chavez gave him a few ... "tips" ...

Richard S. wrote:

beemerboy wrote:I realize that the "free oil", all one one hundred gallons for each applicant per year, is just propaganda to make Chavez look good - or at least not as bad - but with all of the profit that the "American" oil companies make, why couldn't they help out some of our poorest citizens? And that is a shame on them that they won't kick in some oil.

A company like Exxon makes about 10% profit which is very small margin, the reason the profits are so high is because they sell a lot of refined oil. Why don't you suggest a company like apple operating on 30% take a cut?

But that 10% profit margin fourth-quarter net income was a five-year high of almost $9.95 billion for Exxon and a record $7.25 billion for Chevron.

I would think that with a net profit of 45 BILLION dollars for exxon and 26 BILLION dollars for chevron they could afford to help out some low income people with heating oil so they don't freeze to death.

As for apple making a 30% profit, an iPhone or iPod is not a basic necessity. No one is going hungry or freeze to death because they don't have an Apple computer.

I don't know Beemer, my wife might go into cardiac arrest if something would happen to Apple, she burned hers up so took mine & I don't think that's gonna last too much longer. (hope she don't read this)

beemerboy wrote:But that 10% profit margin fourth-quarter net income was a five-year high of almost $9.95 billion for Exxon and a record $7.25 billion for Chevron.

The bottom line is they sell a lot of product but it's still only 10% profit and I'll add the people in this country already own Exxon. We have enough business's failing in this country. Why would you want to go messing with one that is operating on a small profit margin, returning good profits to it's investors and provides very high paying jobs? I don't know what the methodology was or how accurate but one of those salary sites listed the average salary at Exxon at 98K. They employ tens of thousands of people directly and untolds numbers indirectly.