Chad is nationalizing all assets from multinational oil giant Exxon Mobil, including its permits. Chad began producing oil in 2003 and Exxon has been operating in the country for decades. Tensions have risen in recent months with protests against the government of President Mahamat Idriss Deby.

submitted by Orangutan from apnews.com

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[–]JewsAreOfColor 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (0 children)

I guess you could call that a Chad move!

[–][deleted] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (2 children)

How long before the US invasion?

[–]Bigs 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (1 child)

Well going by the US form, the 'protests' are probably instigated by the US in the first place.

Other governments are not as scared of the US as they used to be, for it is now beyond obvious the empire is falling apart.

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Good points. Yeah, late-stage empire is fun.

[–]notafed 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (2 children)

Oh goody. Now we can see nationalization in real time!

[–]Canbot 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

We have seen it in Venezuela. And we have the benefit of seeing how it ages.

[–]notafed 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Another example for the ages.

[–]Canbot 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Like all black countries they are delusional about their ability to maintain those facilities and collect profit. While I agree that in theory a nationalized oil industry could be good for the country, any country capable of succeeding in that endeavour would have built that industry on their own from the beginning instead of requiring exxon to build and fund everything, and establish that entire economy.

Chad does not have the critical mass of competent, honest, and hard working people to run that operation.

[–]Chipit 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Uh-oh, here comes the invasion! Look for multi-part series from the corporate media about how Chad is a threat and must be destroyed. Just like Saddam.