ExxonMobil Battling Chavez; Court Upholds Asset Freezes

Today courts have upheld the freezing of Venezuelan assets by ExxonMobil as compensation for Venezuela's nationalization of certain of Exxon's assets.

ExxonMobil seems to be the only firm capable or willing to stand up to this type of dictatorship and tyranny. Congress should be praising its patriotism - many other firms simply took the easy road and caved to Chavez's demands. And its not without costs - Venezuela is threatening to shut off a key supply of crude to the oil company.