Monday, February 11, 2008

The Lord Giveth and the Lord Taketh Away

Hugo Chavez threatens to cut off his country's best customer of oil:

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."
Expected discourse when you are dealing with endangered tyrants who never seem to become extinct.

cross posted: The Broom.

1 Comment:

Anonymous said...

Hugo is telling the world loud and clear, "I don't know what 'fungible' means."