Recent treaties have used far more precise definitions of expropriation.
"I predicted that nationalist forces will engage in an orgy of expropriation," he says.
Nor, even now, will they be free from the threat of expropriation, another disincentive to investment.
Therefore, this is definitely not an instance of "expropriation" nor a nationalisation of Occidental.
Their annoyance has turned to alarm with soaring debt, government bail-outs and threats of expropriation.
Mr Chávez's price controls, punitive regulation and threats of expropriation have depressed private investment.
Shares in the risky but fast economies perform badly because they have higher risk of expropriation.
Where people are paying themselves tens of millions of pounds, it adds up to a form of expropriation.
And Mr. Chávez is increasingly issuing threats of expropriation, against entities ranging from private hospitals to cacao plantations.
Mr Davis also hinted at a reversal in his recent speech, with its sinister threats of expropriation and criminal action.
Defeat hardened it into a new myth of expropriation to feed back into the loop of nationalist resentment.
