Here lies the problem:

Any foreign oil company that resists the nationalization, under which the state oil company Petroleos de Venezuela SA would take a stake of “no less 60 percent,” can leave, Chavez said.

The president said the private companies affected — British Petroleum PLC, Exxon Mobil Corp., Chevron Corp., ConocoPhillips Co., Total SA and Statoil ASA — would be given the option to stay on as minority partners.

Will we war for the oil in Venezuela?

Caracas, Venezuela · President Hugo Chavez dismissed Washington’s concerns that Venezuela’s democracy is under threat, saying a “dictatorship” led by President Bush poses a true threat to democracy around the world.

Condemning the war in Iraq, the Venezuelan leader said that Bush and John Negroponte, a former director of national intelligence who is designated for the No. 2 position in the State Department, should be tried for war crimes committed by the U.S. military across the globe.

“The two of them are criminals. They should be tried and thrown in prison for the rest of their days,” Chavez told a news conference Thursday.

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