Skip navigation
Watchlist Sponsored By :

Current DateTime: 01:42:50 07 Sep 2008
LinksList Documentid: 24355697

Current DateTime: 01:35:49 07 Sep 2008
LinksList Documentid: 24890560
  • Balancing Act: Credit & Debt

      Managing one's credit and debt has become a high-stakes, high-anxiety balancing act. Here's a guide to help you deal with it.

  • Fannie & Freddie Fallout

      The mortgage market meltdown ensnares two financial giants, raising questions about the health of the nation's financial system.

  • Fat Cat Living

      If you have the kind of money to live the high life and enjoy the high end, here's how to spend it, invest it and save it.

Chavez Says May Halt Oil Supplies Over Exxon Fight
By Reuters | 10 Feb 2008 | 04:19 PM ET
Font size:

President Hugo Chavez Sundaywarned he would halt oil supplies to the United States if it continued to attack Venezuela as he said it had done with an Exxon Mobil lawsuit freezing assets of the OPEC nation.

Exxon Venezuela Chavez
Donna Mcwilliam / AP

The anti-U.S. president also said such U.S. aggression could cause world oil prices to spike to $200 a barrel.

Washington has distanced itself from the Exxon [XOM  Loading...      ()] legal offensive in which the largest U.S. company won international court orders freezing up to $12 billion of the state oil company PDVSA's assets.

"If you freeze us, if you really manage to freeze us, if you damage us, then we will hurt you. Do you know how? We are not going to send oil to the United States," Chavez said on his weekly TV show.

Chavez has frequently issued conditional threats to stop shipments to its biggest oil customer, but has maintained supplies despite clashing with the Bush administration over everything from crude prices to free trade to democracy.

Copyright 2008 Reuters. Click for restrictions.

HOME  |  NEWS  |  MARKETS  |  EARNINGS  |  INVESTING  |  VIDEO  |  CNBC TV  |  CNBC PLUS  |  CNBC HD+
About CNBC   |   Site Map   |   Privacy Policy   |   Terms of Service   |   Advertise   |   Help   |   Feedback   |   Video Reprints
  Data is a real-time snapshot   *Data is delayed at least 15 minutes

Global Business and Financial News, Stock Quotes, and Market Data and Analysis