Jul
14
Thanks Exxon Mobil Corp. and ConocoPhillips for leaving Venezuela
Posted by Craig under Corporations
Venezuela’s President Hugo Chavez has led Venezuala on a ‘take it, or leave’ policy towards foreign oil companies. Hurray for Exxon Mobil Corp. and ConocoPhillips. They both decided to pull out of Venezuala, writing off billions of dollars. This move will hurt Venezuala because oil is their lifeblood. My gripe is our country allows Venezuela’s 100% owned oil company, Citgo., to continue to operate. Nationalize Citgo.
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