Chavez Threatens to Cut Oil

  • Hugo Chavez threatened to stop oil shipments if the U.S. interferes with Venezuela's referendum vote on December 2, 2007. In February of 2008, the nation's state-run oil company suspended negotiations with ExxonMobil, citing "judicial-economic harassment."
  • Fast Facts:

    1. Fourth largest oil exporter to the U.S. in 2006
    2. Vote could abolish term limits
    3. If it fails, Chavez can't run again in 2012

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