Tuesday, February 12, 2008

Venezuela Cuts Off Exxon Supply

Well we knew this would be coming sooner or later. Especially with Exxon kicking the crap out of Hugo Chavez in courts around the globe.

Old Hugo has now made his next move.

Venezuela's state oil company said Tuesday that it has stopped selling crude to Exxon Mobil Corp. in response to the U.S. oil company's drive to use the courts to seize billions of dollars in Venezuelan assets.

Exxon Mobil is locked in a dispute over the nationalization of its oil ventures in Venezuela that has led President Hugo Chavez to threaten to cut off all Venezuelan oil supplies to the United States. Venezuela is the United States' fourth largest oil supplier.

In other words, prepare for gas prices to go up. Then prepare for the BDS idiots to blame Bush for it, and somehow tie it to Iraq.


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