Oil: Buy the Commodity, Sell the Shares? (IXC, IYE, OIH, VDE, USO)

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 |  Includes: IXC, IYE, OIH, USO, VDE
by: Michael Panzner

According to Monday’s Wall Street Journal, Venezuelan President Hugo Chavez “is planning a new assault on Big Oil, potentially taking a major step toward nationalization of Venezuela's oil industry that could hurt oil-company profits, reduce production and put further pressure on global oil prices.