File Under: Chavez says Oil could hit $200 a barrel

This article in Hindustan Times, makes note of Venezuelan President Hugo Chavez's threats to cut sales of oil to the U.S. if Exxon/Mobil's litigations cause Venezuela financial damage. By his estimation, the loss of 1.3 MM barrels daily, should drive the cost up over $200/barrel. It stems from a 2007 nationalization of Venezuelan oil fields. Exxon/Mobil wants their assets back. Understandable, but four other major oil players have come to terms and are still doing business. Should be interesting to watch, assuming it doesn't end up tanking our economy.