Filed under: Products and services, Law, Rants and raves, Competitive strategy, Exxon Mobil (XOM), Scandals, Politics, Oil, Headline news

As I fully expected, I’ve received a fair amount of comments on a recent blog post in which I proudly took a stance in favor of Exxon’s court backed demand that the government of Hugo Chavez immediately ante up for the oil infrastructure which the country he leads has stolen from Exxon Mobil Corp. (NYSE: XOM). Most of the commentary was lucid and well thought out on both sides of the argument, but one particular commenter really piqued my sense of intrigue.

The comment I’m referring to was an assertion that what the Chavez government has done by seizing the Cerro-Negro oil development is legal. For the purpose of this rebuttal, and because I am near totally ignorant of international law, I’m going to assume that comment was correct. Now, here comes the Devil’s Advocate:

Continue reading United States government should nationalize some assets too

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This entry was posted on Thursday, February 14th, 2008 at 10:59 pm and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.