"Exxon Mobil Corp has moved to freeze up to $12 billion in Venezuelan assets around the world as the U.S. company fights for payment in return for the state's takeover of a huge oil project last year... Venezuelan President Hugo Chavez took over Exxon Mobil and ConocoPhillips stakes in multibillion-dollar heavy oil projects in Venezuela's oil region last June. The move was part of the left-wing leader's drive to nationalize key industries including utilities and telecommunications companies owned by private companies." -- Reuters

See our previous commentary on Chavez. It will be interesting to see if the "Vohzd of Venezuela" can take on the Rockefeller oil monopoly and win, or whether this is just another bit of Masonic theatre to justify jacking up the oil price.