China, Venezuela, Oil

China in huge Venezuela oil deal
Venezuela announces a $16bn deal with China for oil exploration in the Orinoco river, after a similar agreement with Russia.
http://news.bbc.co.uk/go/em/-/2/hi/americas/8260200.stm

Venezuela's Petrol

Chavez extends state oil industry
Venezuela's President Chavez announces plans to nationalise companies that provide services for the country's oil industry.
http://news.bbc.co.uk/go/em/-/2/hi/americas/8039354.stm

Venezuela Expells US Ambassador

http://www.commondreams.org/headline/2008/09/12-3

Honduras Shuns U.S. Influence

Shunning US, Honduras Joins ALBA
Honduras has become the latest Latin American country to join ALBA, the Bolivarian Alternative of the Americas. ALBA was established as a counterweight to US-led trade agreements in Latin America. Honduran officials say founding member Venezuela has offered to double its foreign aid, dwarfing assistance from US-controlled bodies like the World Bank. The move marks a sign of further rejection of US influence in Latin America. In the 1980s, Honduras was the staging ground for the US-led effort to overthrow the Sandinista government in Nicaragua. Nicaragua is also an ALBA member, along with Cuba, Bolivia and Dominica.

It's the Petrol

Chavez sets May oil takeover date
Venezuela's President Chavez says he wants the state to take over oil projects on the Orinoco Belt by May.
http://news.bbc.co.uk/go/em/-/2/hi/americas/6322721.stm