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News & Current Events Discuss Venezuela seizes oil rigs owned by US company at the General Forum; Originally Posted by 762nato It is a moot point because the Obama regime would never authorize any action to take ...

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Old 06-25-2010, 03:15 PM
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Default Re: Venezuela seizes oil rigs owned by US company

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Originally Posted by 762nato View Post
It is a moot point because the Obama regime would never authorize any action to take it back.
I wouldn't either. It's not the responsibility of government to protect a foreign investment. People is one thing, property is quite another.

The Bush "regime" would have been down there in a heartbeat right?
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Old 06-25-2010, 03:16 PM
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Default Re: Venezuela seizes oil rigs owned by US company

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Originally Posted by 762nato View Post
It is a moot point because the Obama regime would never authorize any action to take it back.
Not too sure Bush would have either, since there was nothing to mail back to the ranch involved.
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Old 06-25-2010, 04:35 PM
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Default Re: Venezuela seizes oil rigs owned by US company

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Originally Posted by 762nato
It is a moot point because the Obama regime would never authorize any action to take it back.
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Originally Posted by GottaGo View Post
Not too sure Bush would have either, since there was nothing to mail back to the ranch involved.
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Old 06-25-2010, 05:39 PM
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Default Re: Venezuela seizes oil rigs owned by US company

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Originally Posted by 762nato View Post
What you say is probably correct, but I would still love to see the Navy drop off a detachment of Marines on the platform to take it back.

Incidentally is the rig in international waters or in Venezuela’s territorial waters? If the former then what you said does not apply. It would be piracy for him to take it over and therefore subject military action.
Normally, the baseline from which the territorial sea is measured is the low-water line along the coast as marked on large-scale charts officially recognized by the coastal state. This is either the low-water mark closest to the shore, or alternatively it may be an unlimited distance from permanently exposed land, provided that some portion of elevations exposed at low tide but covered at high tide (like mud flats) is within 12 nautical miles (22 km) of permanently exposed land.

[and there are other definitions such as inland waters and such waters as no restriction of traffic should be put due to passage between otherwise land locked areas. etc. But the one I think you're interested in follows]:

An exclusive economic zone extends from the outer limit of the territorial sea to a maximum of 200 nautical miles (370.4 km) from the territorial sea baseline... A coastal nation has control of all economic resources within its exclusive economic zone, including fishing, mining, oil exploration, and any pollution of those resources. However, it cannot prohibit passage or loitering above, on, or under the surface of the sea that is in compliance with the laws and regulations adopted by the coastal State in accordance with the provisions of the UN Convention, within that portion of its exclusive economic zone beyond its territorial sea.How far into the ocean do national borders go? - Yahoo! Answers
Territorial waters - Wikipedia, the free encyclopedia
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