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In March 2006 Chavez asked Exxon Mobil to give more of their profits back to the country or get out. Today Exxon Mobil has gotten a British court injunction to freeze $12 billion in assets in a move to take over Petroleos de Venezuela SA. President Chavez is rightly incensed:


Chavez Threatens US Oil Cutoff

Feb 10 03:49 PM US/Eastern


CARACAS, Venezuela (AP) – President Hugo Chavez on Sunday threatened to cut off oil sales to the United States if Exxon Mobil Corp. wins court judgments to seize his government’s assets. “If you end up freezing (Venezuelan assets) and it harms us, we’re going to harm you,” Chavez said. “Do you know how? We aren’t going to send oil to the United States. Take note, Mr. Bush, Mr. Danger.”

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.

“The outlaws of Exxon Mobil will never again rob us,” Chavez said, saying the Irving, Texas-based oil major acts in concert with “the imperialist government of the United States” and is part of corporate “worldwide mafias.”

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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