"Chavez sets May oil takeover"

This is a really interesting article, especially with the current politics of Latin America. The President of Venezuela, Hugo Chavez, has announced that he will be nationalizing a series of oil projects within the next eighteen months. He also announced that if an agreement were not reached, with the five current international oil companies that exist in Venezuela, the oil projects would be seized. Chavez also stated that by May 1st, all of the oil projects along the Orinoco river belt would belong to the government of Venezuela.