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    Did you know Venezuela has the most oil? Meet the man in charge of it

    Quick, name the country certified by OPEC as number one in national oil reserves. Saudi Arabia? No. Canada? Nope. Venezuela? Bing! After redefining as extra-heavy crude a field previously classified as tar, OPEC certified the South American nation of Venezuela as the controller of the world's ...

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    Chavez backs off threat to cut oil sales to America

    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 ...

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    BREAKING: Venezuela stops selling oil to Exxon

    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: ...

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    Chavez might stop selling oil to the U.S.

    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 ...


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