chavez

Chavez is backing off his threats to cut oil sales to America that we recently told you about. According to Bloomberg, Venezuelan President Hugo Chavez said on state television that, "We don't have plans to stop sending oil to the U.S. ... All I've said is that, if the U.S. attacks us, we'll have ...

Looks like Chavez was not kidding around when he said he would stop oil shipments. Late Tuesday, according to Reuters, Venezuela stopped selling oil to the Exxon Mobil. What does this mean? It's unclear and no one is commenting, according to MSNBC. We will have more as the story develops.[Source: ...

Every day, the U.S. imports roughly 1,150,000 to 1,200,000 barrels of oil from Venezuela. Venezuela is America's fourth-largest source of oil. Thanks to a legal tussle concerning Exxon Mobil and the country of Venezuela, Venezuelan president Hugo Chavez has threatened to stop exporting those ...