Venezuela govt to nationalize 11 US-owned oil rigs

Venezuela’s legislature has voted to nationalize 11 oil rigs owned by the US firm Helmerich & Payne.

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Iniquity Abounding

“For the mystery of iniquityStrongs 458: anomia, an-om-ee´-ah; from 459; illegality, i.e. violation of law or (genitive case) wickedness:—iniquity, x transgress(-ion of) the law, unrighteousness.
Strongs 459: anomos, an´-om-os; from 1 (as a negative particle) and 3551; lawless, i.e. (negatively) not subject to (the Jewish) law; (by implication, a Gentile), or (positively) wicked:—without law, lawless, transgressor, unlawful, wicked.
doth already work: only he who now lettethStrongs 2722: katecho, kat-ekh´-o; from 2596 and 2192; to hold down (fast), in various applications (literally or figuratively):—have, hold (fast), keep (in memory), let, x make toward, possess, retain, seize on, stay, take, withhold. will let, until he be taken out of the way.”
—2Thessalonians 2:7

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Perplexity

“…upon the earth distressStrongs 4928: sunoche, soon-okh-ay´; from 4912; restraint, i.e. (figuratively) anxiety: — anguish, distress. of nations, with perplexityStrongs 640: aporia, ap-or-ee´-a; from the same as 639; a (state of) quandary:—perplexity.
Strongs 639: aporeo, ap-or-eh´-o; from a compound of 1 (as a negative particle) and the base of 4198; to have no way out, i.e. be at a loss (mentally):— (stand in) doubt, be perplexed
….”
—Luke 21:25

The rigs, located in Monagas, Anzoategui and Zulia states, will be taken over by state oil giant Petroleos de Venezuela (PDVSA), the official news agency AVN said.

PDVSA had asked the legislature controlled by supporters of leftist President Hugo Chavez to take over the rigs after the US firm declined to negotiate a new service contract, unlike 32 other foreign firms.

The oil giant is South America’s top oil producer.

Since 2007 Caracas has nationalized companies in industries from oil to utilities, to telecoms, cement, steel and banking.

  1. Carrie M. Boyer, 01 July, 2010

    The people who did the US Oil company’s Five Year Strategic Plan and didn’t see this one coming are gonna be fired. Wait…probably promoted.

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