Venezuela threatened to cut oil supplies to US
Venezuelan President Chavez threatened to cut oil supply to US, if US oil gian Exxon makes another successful attempt to freeze overseas financial accounts of Petroleos de Venezuela SA.
Chavez was quoted as saying:
If they freeze us, there’s no more oil for the United States, and the price of crude will go to $300 a barrel
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Tue, Jul 15, 2008
Post by Melissa Pistilli, Heavy Oil Senior Reporter