I wonder does this have anything to do with bargaining chips with nutty hugo....... I hope so.....Nationalization is usually a road to nowhere but maybe not in this case

I wonder... in the coming fight for oil - search 'peak production', will the DR be able to avoid the craziness. Stay sane in its policies or will it Big Business rule. nationalization does not necessarily mean lack of exploitation

Rafi you are so correct...but private enterprise usually does a much better job........ Read more efficiently than the GOV.

Privatization or even partial privatization, as in this case, of the import and distribution of oil in DR means that Dominican people will pay 50% more than they would under certain alternative state-administered solutions.

In either case, whether it's privatization or nationalization, it's still bourgeois because the Dominican government is only a bourgeois state. Privatization affords the US imperialists more playing room for cheating, looting, and pillaging the DR. Nationalization facilitates the ambitions of corrupt elements as well as honest patriotic elements within the sector of the bourgeoisie that is ensconced in the state apparatus.

Under the nationalization alternative, huge savings somewhere between, at least, half billion US dollars AND, at most, way over a billion dollars are at least there for subsequent allocation.

Whether corrupt elements get it is another question.

Under privatization, the savings are not even there to either steal or properly use.

Rafi you are so correct...but private enterprise usually does a much better job........ Read more efficiently than the GOV.
________________________________________

GC

Doesn't the spanish company "Union Fenosa" owned Edenorte,Edeeste,Edesur?

If so shouldnt they be reponsible, for the loan of US$42M loan.

oh yeah it seem like , Union Fedosa ownes DR energy, aswell as the US, according to this article below. So what does the DR own? I do not think the people should, pay back this loan, since the state does not own it.

http://findarticles.com/p/articles/mi_m0BEK/is_7_7/ai_55012941

UNION FENOSA, a Spanish power company, and U.S.-based AES outbid several other companies to buy 50% shares of three Dominican distribution companies. The companies were spun off from the Dominican Republic's struggling state-owned power company, Corporacion Dominicana de Electricidad (CDE). The government accepted Union Fenosa's bid of US$212 million-33% above the $159 million asking price--for the Distribuidora Norte and Distribucion Electrica Sur.

"Private enterprise usually does a much better job" at accounting fraud ( fictitious profits) and securities fraud (pumped-up stock shares).

Bear Stearn and Enron rubbish.

Today, private enterprise is teetering on a worldwide financial collapse, only the subsidies of the non-private government central banks postpone the collapse resulting from the ubiquitous accounting and securities fraud of private enterprise.

Belial,
I like your thought process.
Thanks for the detailed and succinct comment.

But all in all, are we doomed to forever be dependent on Gov'ts and Corp's that care nothing for us the masses, both clean and unclean( masses I mean)?

Or can human decency and and the fact that in the end we are all in this together- in this World ...together, can this, will this ever prevail?

"But all in all, are we doomed to forever be dependent on Gov'ts and Corp's that care nothing for us the masses, both clean and unclean( masses I mean)?" rafiell asked eloquently.

oooo

No.

"Gov'ts and Corp's" are two of many organizational forms available to bourgeoisie and proletariat.

But, today, "Gov'ts and Corp's" are the dominant forms of organization that both the bourgeoisie and proletariat use in pursuit of their conflicting aims.

To me, it's not the forms, but the content that matters. For example, regardless of whether an organization in DR is "Gov'ts" or "Corp's," it most likely bourgeois.

I don't believe the competition between bourgeoisie in "Gov'ts" and the bourgeoisie in "Corp's" is significant or relevant.

But the proletariat in "Gov'ts" or in "Corp's," deserves respect.

The real question is what class or nation has the spirit to organize best whatever the form.

Clearly, the bourgeoisie is NOW far ahead of the proletariat.

clear as mud

"clear as mud"

oooo

You spend enough time submerged in mud to see clearly in it.

Resident communist stooge the bourgys will always kick your rear because you are a pathetic loser clinging to a philosophy proven stupid or worse as always ......"we will grind the peasants under the wheels of our carriages as we pass by"......you pathetic loser

Guys..goulet y belial

I wonder would you agree that we are all in this together? All.

nobody is getting out alive

wtf!!!!!!!!!!! lmao

"nobody is getting out alive"

0000

The existence of specie is at stake.

In 2005, 4,000,000 million people died of needlessly around the world from HIV-AIDS for the want of medications that US imperialists with their high tech capabilities produced at less than $0.25 cents a dose.

But US imperialists are charging between $10,000 and $15,000 for an annual supply.

Yes, the victims of the pestilence paid a high price when you lost their lives.

But this animal or brutish indifference of the powerful reactionary sector of the people of big capitalist countries to dire human need says that moral scum ... especially US reactionaries, the filthy GOPs ... have contaminated a significant portion of humanity, plunging this portion into a rotten Nazi mentality.

To switch, in 2007-10, a third of the inadequate world corn crop to production of fuels will viciously exterminate about 100 million people this year alone.

Influential reactionary animals are delighted.

"I wonder would you agree that we are all in this together? All."

0000

The reactionary forces ... above all, the slimy GOPs ... striving for a massive extermination of a portion of humanity through AIDS, imperialist wars of aggression ... (Iraq - 2,000,000 dead in only 5 years) ... monopolization of drinking water, and intense aggravation of the food crisis by the switch of food to fuel production, etc ... ARE NOT ... AND NEVER WILL BE ... "together" which the ethical part of humanity struggling with all its might, mind, and heart for the survival of the specie.

Yes, I'm aware that AIDS, imperialist control of water, food crisis, global warming, and other such calamities which the imperialists have either promoted or neglected for decades are what slimy reactionary hypocrites called "conspiracy theories."

broadcasting from the twilight zone....resident communist stooge

we need to find a guy like this to take care of our terrorist problem then oil prices would surely come down .....https://mail.google.com/mail/?ui=....;view=att&th=119ceb89840a74ab

the company that owns Bhrama just put in a bid of 46 billion dollars for Budwieser.....talking about take overs......http://www.nytimes.com/reuters/business/business-anheuser-inbev.html

I wonder finally, what the heck is the political affiliation of the man called
Belial,
just what does he follows?, what he believes in?, because if any,
no political doctrine have proven to be good enough or correct for all,,
all have their own goods things and flaws,
and simply, all exploit humanity in all concepts,
unfortunately, that is the human nature we live in, since we know the history of mankind.
Always the powerful swallows the poor in any doctrine.

Dennis you mean like Capitalism is man exploiting man and Communism is the exact opposite only worse

Goulet:

Close, pretty close, you are not far from reality, only that stupid communism is the worst of them
all, since it is a totalitarian system that have proved itself obsolet and useless.

SHELL
p. 1

Shell Oil Company has a bizarre idea about what "efficiency" consist of.

In addition to demanding that DR pay either the market price up-front for oil imports or finance oil imports under predatory terms, Shell has also demanded that the DR pay Shell's imperialist premium above the market price. Finally, Shell refused to tolerate Dominican interference with Shell's accounting fraud to steal even more money from DR.

For accounting fraud, Shell favored "efficient" fraudulent invoices which falsely increased the number of barrels imported, re-billed for shipments already imported,and palmed-off low priced petroleum products for high priced products.

When Shell was caught stealing, Shell said, in so many words, it should not be punished because it was imperialist company and its punishment would hurt the "business climate" in the DR.

http://www.dominicantoday.com/dr/....-on-Shells-alleged-refinery-fraud

Con't

SHELL
p. 2

During the last 10 years the price of a barrel of oil soared from $12 to about $130.

Everyday the DR imports about 125,000 barrels of oil. At the current market price of $130 a barrel, the DR's annual oil bill runs something like $5.8 billion for imports alone with considering processing, quite a chunk of money for a country with a $85 billion GDP.

US imperialism demands worldwide that oil purchases be paid in US dollars, not local or competing major currencies or bartered.

In 2005, Venezuela offered DR a preferential quota of 50,000 barrels per day within the anti-imperialist Petrocaribe framework. Since the DR imports about 125,000 barrels a day, the Petrocaribe quota left the DR with about 75,000 over-quota barrels per day to buy at market price, in part set by imperialist speculators, many of whom are associated with Shell.

CON'T [TOMORROW]

I am counting the moments

Splat had to step out to buy crack when he returns he will tell us the rest of the story

and this time make it real scaaaary

SHELL
p. 3

In 2005, the DR accepted the 50,000 barrels a day Petrocaribe quota and since June 2005 the DR repeatedly sought to increase its quota to 90,000 barrels a day to match Cuba's quota within Petrocaribe.

The current quota means DR, under Petrocaribe, buys 50,000 barrels of Venezuela oil a day, pays 60% up front in cash money and finances the 40% remainder over 25 years at 1% interest as long as the market price of oil remains below $100 a barrel. Once the market price goes over $100 a barrel, the DR pays only 50% up front in cash money and finances the remaining 50% on the same terms when the price is under $100 per barrels. LF estimates the deal saved DR $575 million during its first two years. The DR could save that amount in only one year if it shows a little more self-determination in the face of US imperialist pressure.
http://www.dominicantoday.com/dr/....-Dominican-Republic-US575-million

CON'T

SHELL
p.4

To his credit, LF uses most of the huge Petrocaribe savings to subsidize electricity generation and distribution for the Dominican people, but this deeply disappoints Dominican bourgeoisie and US imperialists who want all of the Petrocaribe savings diverted to their bank and brokerage accounts in the name of "fiscal responsibility."

More revolting however is the obscene efforts of the US imperialists, World Bank, IMF, IADB, and the Paris Club to take most of the credit that the DR's electrical generation and distribution problems aren't worse than they are, while this bourgeois scum never mentions the greater help the DR gets from Venezuela and Petrocaribe.

Pro-imperialist slime and flea-infested "free market" running dogs were unanimously outraged over the Petrocaribe's offer to the DR and the Dominican acceptance of it.

None of the slime ... whether imperialist or only pro-imperialist ... was more vociferous than Shell Oil Company,

CON'T ... [TOMORROW]

Splat Gordon returns same time to morrow kids........NOW...stay tuned for sane people

Well i would like to share with you guys........here in alberta canada we have seen many refinerys bought and sold some goverment some not and it dont matter who owes it the bottom line is they will still be raping us silly just like they are now. We are the biggest producer of oil in canada and we still pay just as much as everyone else. I guess if we all want cheap fuel we will have to move to saudi arabia...cheap there just alittle short on palm trees

the only difference for you guys should be the cost of transportation ......you think you should pay less than the Newfies.....I dont think so.....thats Canada oil it just happens to be in Alberta

yes thats right no transport charges....and yes we should get it cheaper than the newfies...there all here in alberta

what season is it up there in Alberta now.?....you only have 3 .....summer then winter then mud

these oil prices are a scam and a bubble.... wait and see I will be proven correct ..... I am betting on it.literally......but when the bubble bursts it will be as bad as the high prices unfortunately