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Talk about biting the hand that feeds you. If the US doesn't want to play nice with Venezuela, I'm sure they can find someone else to buy their oil. Happy year of the rat.
WAKE UP EVERYBODY!!! This is more western media misrepresentation of the truth. The actual order reads:
"until the return date or further order from the court," PDVSA "must not remove from England or Wales any of its assets which are in England or Wales up to the value of $12 billion (8.3 billion euros)."
How much in assets do you think Venezuela has in England or Wales?
Answer: Squat.
The ruling is against Venezualan Oil Company PDVSA, not Venezuela as a whole and is only until the next court date.
The credit rating agency Fitch Ratings said the British court order would "have a minimum impact on the company's day-to-day operations, as well as its near-term credit quality and financial flexibility." The agency noted that most of PDVSA's assets are located in Venezuela and the United States, where the company has refineries.
This is non-news turned into a disinformation attack by western media against Venezuela. What's new.
http://biz.yahoo.com/ap/080208/venezuela_exxon.html?.v=1
How much in assets do you think Venezuela has in England or Wales?
Answer: Squat.
Actually they do have assets there, and said so. What they said is they don't have close to $12 billion there.
But I do agree with this statement from the article:
But Ramirez, who is PDVSA's president, ... said Exxon Mobil's claims in the Venezuela nationalization dispute "don't even come close to half the sum of $12 billion claimed by them."
COP has more at stake than XOM does.