Honduras temporarily grabs oil terminals

highwayman

highwayman

New Member
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.
Click to expand...
 
It looks to me like Shell, Exxon Mobil and Chevron need to take their money & run. Tell OPEC & friends to dig thier own wells.
 
The problem is not drilling, Chabezz is doing a good enough job on hiz own for the region...It's moving and storing....
 
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