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.

Some analysts say it would make little sense for Chavez to follow through on his broader threats to cut off oil sales to the U.S. because Venezuela owns refineries in the United States that are customized to handle the South American country's heavy crude.

Posted by Steve Harless on 02/12/2008 11:40 PM

bush, oil wars, chavez, american imperalism

3 Comments on Venezuela Halts Oil Sales to Exxon Mobil

Let's wait and see what occurs.

02/12/2008 11:46 PM

by Jim Crawford ~ Atlanta Real Estate-ABR E-PRO (RE/MAX Greater Atlanta)

should be interesting Jim, to say the least!

02/12/2008 11:48 PM

by Steve Harless (REALTY WORLD LUXURY HOMES -702.217.1680)

yikes

02/13/2008 12:03 AM

by Steve Harless (REALTY WORLD LUXURY HOMES -702.217.1680)

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Venezuela Halts Oil Sales to Exxon Mobil

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