Now, I don't know all the details behind the negotiations that made Chevron (CVX $83.03), BP (BP - $70.35) and Statoil (STO - $29.29) stay and Exxon (XOM $82.25) and Conoco (COP $76.67) walk away, but I'm going to hold my Conoco, BP, Statoil and Chevron and I'm still not going to buy Exxon.
As for this forced negotiation/nationalization changing oil prices, I don't think it will. The oil will still come out of the ground, and unless Chavez completely loses his mind and starts to really squeeze his foreign oil partners to the point where they all back out, I don't see production really falling.
TOKYO -- The Environment Ministry plans to promote projects to confine factory-emitted carbon dioxide in layers of porous rock.
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