Exxon: "No Soup for You!"

[Tags: Chavez, Exxon, International, News, Oil]

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Peekaboo! Where did Exxon go?"




Yes, it was quite a nice little racket Baby Huey (Hugo Chavez) had going - strong arm U.S. oil companies (a la Castro) into paying more for Venezuala oil by ultimatum: Pay me more so I can get rich or we will forfeit your claim. So Exxon (one of the only oil company's who had the guts) decided to not play with Hugo Chavez any longer. Exxon sold their 25% and took their marbles home, leave Chavez to ink deals with other companies, where logically, he will need to make much longer and expensive trips to the market. I see this as a win-win. No more having to listen to the rantings of a maniac dictator like Chavez holding cude oil over the heads of Americans and Hugo can take his attitude to the Brits, French and Italians and try out his strong arm tactics on Europe.

Read more at today.reuters.com/busin...