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December 20, 2005

"Let's get READY to RUMMMMMBBBLLLLLLE!"

"Now entering the ring: the newest member of the Axis of EEEEE-VILLLLL! VE-NE-ZU-ELA!"

Venezuela gives Exxon ultimatum

Venezuela has given the world's biggest oil company, ExxonMobil, until the end of this year to enter a joint venture with the state.

Failure to do so will almost certainly result in Exxon losing its oil field concessions in the country.

Posted by Jeff at December 20, 2005 12:20 PM