Hugo Chavez Threatens to Halt Oil Sales to the US

Mon11Feb2008

Hugo Chavez Threatens to Halt Oil Sales to the US

09:31 H | Topics: Controversia - Venezuela

When he's not insulting the U.S. leadership, Venezuela's President Hugo Chavez is threatening the United States, this time he's threatening to cut off oil.

"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 is referring to Exxon Mobil Corp.'s lawsuit seeking to win court judgments to seize billions of dollars in Venezuelan assets. The lawsuit was filed by Exxon after Venezuela nationalized it's oil industry, causing Exxon and other multi-national oil co.'s to stop operations and recoup investments.

The U.S. is Venezuela's number 1 oil client.

Via / Yahoo! and The Latin Americanist

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