US Energy chief worried over Venezuela oil imports - Reuters

Source: Reuters

US Energy chief worried over Venezuela oil imports
26 Jun 2007 18:09:33 GMT
Source: Reuters

WASHINGTON, June 26 (Reuters) - U.S. Energy Secretary
Sam Bodman said on Tuesday he was worried that U.S.
oil and petroleum product imports from Venezuela could
decline now that Exxon <XOM.N> and ConocoPhillips
<COP.N> have decided to exit major oil projects in that
country.

The two giant U.S. oil companies both have left huge
crude projects in Venezuela's Orinoco Belt, after
President Hugo Chavez acted to nationalize the projects
as part of his socialist revolution. Venezuela is the
No. 4 foreign petroleum supplier to the United States.

"I'm concerned," Bodman told reporters. When asked if
he was worried U.S. oil and product imports from
Venezuela could be reduced with the companies leaving,
he said: "Sure, of course."


Link: http://www.alertnet.org/thenews/newsdesk/WBT007211.htm

Oh wait, that idea went all to shit just like the rest of the war.

So what if Exxon and Conoco got their panties in a wad over Chavez not wanting to give away the wealth of the nation? There will be dozens of of companies willing to move in and take their place. Modest profit is better than none.