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Chavez Threatens to Halt Oil Sales to US // Currentlogin/registerTV Schedulenewsviewer uploadsviewer adsbest of current tvChavez Threatens to Halt Oil Sales to USadded February 11, 20086 responseshttp://biz.yahoo.com/ap/080210/venezuela_us_exxon.htmlkaecvtionr
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related topicsCurrent Picks (13933)Current Picks UK (7934)United States (215)Oil (190)Venezuela (65)Hugo Chavez (49)AP (14)kaecvtionr (3)Exxon Mobil (3)President Hugo Chavez on Sunday threatened to cut off oil sales to the United States in an "economic war" if a corporation wins court judgments to seize billions of dollars in Venezuelan assets.Article Below:"APChavez Threatens to Halt Oil Sales to USSunday February 10, 6:23 pm ETBy Sandra Sierra, Associated Press WriterVenezuelan President Threatens to Cut Off Oil Sales to US, Calls Exxon Mobil 'Outlaws'CARACAS, Venezuela (AP) -- President Hugo Chavez on Sunday threatened to cut off oil sales to the United States in an "economic war" if Exxon Mobil Corp. wins court judgments to seize billions of dollars in Venezuelan assets.Exxon Mobil has gone after the assets of state oil company Petroleos de Venezuela SA in U.S., British and Dutch courts as it challenges the nationalization of a multibillion dollar oil project by Chavez's government.A British court has issued an injunction "freezing" as much as $12 billion in assets."If you end up freezing (Venezuelan assets) and it harms us, we're going to harm you," Chavez said during his weekly radio and television program, "Hello, President." "Do you know how? We aren't going to send oil to the United States. Take note, Mr. Bush, Mr. Danger."Chavez has repeatedly threatened to cut off oil shipments to the United States, which is Venezuela's No. 1 client, if Washington tries to oust him. Chavez's warnings on Sunday appeared to extend that threat to attempts by oil companies to challenge his government's nationalization drive through lawsuits."I speak to the U.S. empire, because that's the master: continue and you will see that we won't sent one drop of oil to the empire of the United States," Chavez said Sunday."The outlaws of Exxon Mobil will never again rob us," Chavez said, accusing the Irving, Texas-based oil company of acting in concert with Washington.Exxon Mobil spokeswoman Margaret Ross said the company had no comment. A U.S. Embassy spokeswoman in Caracas did not return a call.Venezuela accounted for about 12 percent of U.S. crude oil imports in November, the latest figures available from the U.S. Energy Department. The 1.23 million barrels a day from Venezuela makes that country the U.S.'s fourth-biggest oil importer behind Canada, Saudi Arabia and Mexico.Venezuelan Oil Minister Rafael Ramirez has argued that court orders won by Exxon Mobil have "no effect" on the state oil company PDVSA and are merely "transitory measures" while Venezuela presents its case in courts in New York and London.Exxon Mobil is also taking its claims to international arbitration, disputing the terms it was granted under Chavez's nationalization last year of four heavy oil projects in the Orinoco River basin, one of the world's richest oil deposits.Other major oil companies including U.S.-based Chevron Corp., France's Total, Britain's BP PLC, and Norway's StatoilHydro ASA have negotiated deals with Venezuela to continue on as minority partners in the Orinoco oil project.ConocoPhillips and Exxon Mobil, however, balked at the tougher terms and have been in compensation talks with PDVSA.Associated Press writer John Porretto in Houston contributed to this report."flagkaecvtionr2 months ago6 responsesChavez Threatens to Halt Oil Sales to USIf he cuts off sales to the US and it makes a huge impact, hopefully it just pushes us farther into going energy independent.flagkaecvtionr2 months agoHe is trying to steal money that does not belong to him. I think Venezuela deserves better. Thank goodness the people voted against changing the Constitution in way way that would enable him to stay in power longer. He is a thug.flagmjsmith112 months agoIf Bush is still president he will try to take over Venezuela. flaguroborus82 months agoGood, i hope he stops sending oil to us, we need to wake up and use are money towards other engery sources. And then when we lead by example the rest of the world will do the same.flagreany1672 months agoChaves is a symbol for Latin Americans who have suffered US violations of their national sovereignty for decades; violations which have been accelerated by Bush's paranoia of Latin Presidents who want to raise the standard of living of their nations' poor. In Bush's robotic mind, these moderate leaders are "communists:"Morales in Bolivia: Carrera in Ecuador, Chavez, and Luna de Silva. Have you been in Venezuela, Bolivia, or Ecuador's rural regions and seen the results of bringing basic health care and dental procedures and eyeglasses to the poor? I have. I lived in South America for many years. My wife is Chilean. For the first time in decades, the riches from the sale of natural resources are being utilized to benefit the folks for whom routine health care and education has been non-existent. Why are such efforts regarded by knee-jerk politicians as "communist" subterfuge? Have you lived in a Latin country? Do you speak Spanish? Have you witnessed, even more, lived with, the grinding poverty and illiteracy? Why does the US, a "Christian" nation, object to a tiny third world country's budget which includes provisions to try to assist the poor? Worse, our government, through AID, is funding, once again, opposition groups to the democratically elected administrations in Bolivia, Ecuador, Veneuela and Brazil. The supposed independent US AID has clandestinely provided US $4.5 million to four opposition governors of eastern Bolivian provinces, where much of the natural gas reserves and oil are located. US funds are given for an ultimate purpose: to secure majority control for US oil and gas companies over Bolivian resources. This will not happen under the presidency of Evo Morales, who has claimed that Bolivian resources are just that: Bolivian. The era of foreign exploitation of Bolivian assets has ended. Bush, as a corporate-elected official rages at this challenge to US corporate domination. Bush's problem with Presidents Morales, Carrera, Chaves and Luna de Silva is that they declare independence from traditional US hedgemony and repeated violations of their national sovereignty, and can now afford to do so. skipatrolflagskipatrol2 months agoskipatrol, Hugo Chavez comes here to the United States and calls our President the devil. He nationalized the oil companies and unsuccessfully attempted to change his country’s constitution to legally become a dictator. It is typical for leaders of failed governmental systems to blame the United States for their own problems. Communism is nothing more than a military dictatorship. There is no such thing as a benevolent dictator. The reason that those countries are poor is because the government is corrupt. You just want to blame President Bush for the lack of effective leadership in Latin America. By the way if you want to blame anyone besides the countries themselves, why are you leaving Europe out? Chavez is an imbecile. Mexico is the richest Spanish speaking country. Why are the people poor? It has absolutely nothing to do with President Bush and everything to do with the corruption within its own government. Furthermore thank God that Teddy Roosevelt had enough vision to create Panama and build the Panama Canal. I know that the CAFTA will help these poor Latin countries develop economically. You can sit there and blame the United States for the world’s problems and have that attitude all you want. It is your right. I know for a fact that the world is a better place because of the United States of America. The best thing that these countries can do for the USA, themselves, the rest of the world is to prosper and develop peacefully.The leaders you mention should blaming Christains and the United States for there own failures. The really are just thugs playing the old class warfare game.flagmjsmith112 months agoAdd your responseLogin/Registration is required to add a response.keep browsingRecommendedIs it time to give up hope for curing...34 responsesCarter says secretary Rice not telling...26 responsesCigarette packets used to cover up...18 responsesSchwarzenegger backs gay rights40 responsesUnited StatesAmerica - It's time to start...Chalmers Johnson: "Nemesis: The Last..."Understand the Federal Reserve in...2 responsesSuperior Court Judge Jim Gray on the...OilOil prices to double within 4 yearsSenators want oil linked to arms dealVenezuelaVenezuela sends 364 tons of food to...21 responsesSimpsons vs. Baywatch Venezuelan TV...7 responsesthis space intentionally left blankinvite a friend to chime in on this
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