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To: elmatador who wrote (81113)	7/7/2008 9:57:13 AM
From: John Carragher	Respond to of 116555

that was my point.. you never know what the situation will be, for example. Chavez taking over the industry. major investments were made in that country because it was easier to do business than in the states.. for example build refineries, ship finished or blended fuel for final processing in states and avoid conflicts.. later i know of whole departments in the oil business that were relocated to the country to blend in as part of the nation. oh, no one in the states were offered any of the those positions all were filled from within the country with exception of maybe a top manager or two. Now Chavez has taken over the business. next the russian agreement to develop Siberia, the fight listening to bloomberg guests and cnbc from england earlier this morning is over the russian investors wanting bp to stop the development in Siberian fields as they are more long term investments paying out over 25 years.. the russian partners prefer going into new locations to drill for faster returns now.