Sun, 23 March 2008
[Note: poor sound quality - technological fixes on the way]
2.4Mb. 56kbps. mono 5:49
Lisa puts us in the picture, with the latest development in the ExxonMobil legal challenge to the Venezuelan government's buyout of foreign ownership shares in the oil industry - often referred to as 'nationalisation'. The Venezuelan government just wants 51% control over its national resources. Exxon Mobil rejected the Venezuelan government's generous compensation/bouyout offer (although most other oil companies were happy enough), and tried to freeze 3.5 billion dollars of Venezuelan assets around the world. The London judge threw it out of court.