Venezuela Cuts Off Exxon

Venezuela Cuts Off Exxon: The Venezuelan state run oil company has announced that it has suspended operations with Exxon over contract negotiations. The dispute centers around Exxon's challenge of the nationalization of oil in Venezuela. The state run company, Petroleos de Venezuela SA, has said that Exxon's tactics amounted to "judicial-economic harassment". President Hugo Chavez has indicated that Exxon is no longer welcome to do business in his country.
Fast Facts:
1. Only 2% of Exxon's oil comes from Venezuela
2. Chavez threatens to cut U.S. oil supplies as well

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Venezuela Cuts Off Exxon Blogs and Commentaries
- Salon.com: The Devil's Excrement: From self-sufficiency to self-destruction ... (February 12, 2008)
- The Oil Drum: Chavez vs ExxonMobil war escalates (February 11, 2008)
- Google Blog Search: Venezuela Cuts Off Exxon
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