The reality of the announcement, IF it is real and is the position of Chavez and the VZ gov't, is that the country of VZ can kiss goodby any foreign investment for many years to come and until a new regime is in place. It will mirror Cuba. Food is now in short supply in many areas of the world. Companies will not trade or sell to VZ unless it is prepaid and then the prices will be high. People will start to rebel and then there will be a REAL revolution. I cannot believe he/they are that out of touch with reality. For the immediate time frame there will be negotiation and ultimately the legal system, but in the end VZ(chavez) will comply with the rule of law(VZ and International Law) or the country will cease to exist as a viable, productive country. The VZ oil can only be cracked in the US plants(one in being built in China) so they can't sell it to China or other countries across the globe at the same price(transport costs). Approx 80% of VZ oil is bot by US refinerys. If this decision holds, VZ will be pressured on many fronts and all of them are very negative for VZ and Chavez. Is he that DUMB or INSANE?