Honduras temporarily grabs oil terminals

[highwayman]

So how is the last part any diferent then what we are seeing?
On another note wonder how Venezuela will make the pitch for "help"....



http://today.reuters.com/news/artic...OC_0_US-HONDURAS-TERMINALS.xml&src=rss&rpc=23

TEGUCIGALPA, Honduras (Reuters) - Honduras will take temporary control of foreign-owned oil storage terminals as part of a government import program meant to drive down fuel prices, President Manuel Zelaya said late on Saturday.

Zelaya ordered the move after failing to reach a deal with big oil companies Exxon Mobil and Chevron, as well as local company DIPPSA, to rent the terminals.

"It is not a nationalization, it's a temporary use of the storage tanks through a lease and payment of a reasonable price," he said.

Honduras produces no crude of its own and no longer has a refinery. Its fuel market, like that of most Central American countries, is dominated by Shell, Exxon Mobil and Chevron.

 

[unclehobart]

Whoa... Honduras has oil?

 

[Gonz]

It looks to me like Shell, Exxon Mobil and Chevron need to take their money & run. Tell OPEC & friends to dig thier own wells.

 

[highwayman]

The problem is not drilling, Chabezz is doing a good enough job on hiz own for the region...It's moving and storing....