Chavez Threatens To Cut Off Oil Shipments To U.S.

Law360, New York (February 11, 2008, 12:00 AM EST) -- Venezuelan President Hugo Chavez said Sunday that he would stop exporting oil to the United States if Exxon Mobil Corp. succeeded in freezing the assets of state-run oil company Petroleos de Venezuela SA.

During his weekly radio and television program, “Alo, Presidente,” Chavez accused Exxon Mobil of conspiring to destabilize his country.

“If they freeze us and do damage to us, we are going to respond,” Chavez said, according to a statement released by PDVSA. “If the war continues, Venezuela will enter into the economic war,...
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