An article on Bloomberg this morning said that Hugo Chavez, and the country of Venezuela plans take control of four oil-production joint ventures with some U.S. oil companies such as Exxon Mobil, ConocoPhillips, and Chevron before the end of the year. The other two companies involved are Total and Statoil.
Chavez is sure to draw some attention with this move. I don't know if this guy is really smart, or really stupid, but you have to admit, he's got guts.
