[Marxism] Repercussions 2, and a twist
S. Artesian
sartesian at earthlink.net
Mon May 11 07:37:54 MDT 2009
Regarding PDVSA, today's Financial Times reports that PDVSA, with govt.
backing, has seized the assets of 60 oil service companiesfollowing approval
of a law last week authorizing such seizures.
Expropriated in this round were a dozen rigs, 30 oil terminals, and 300
boats.
According to the article, PDVSA made the move after the service companies
threatened to suspend operations until paid outstanding invoices.
Beats the hell out of playing currency spreads, IMO, but I don't expect the
bourgeoisie to just concede their property without preparing for the big
fight down the road.
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