When Amerigo Vespucci, the 16th century cartographer from whom the continents of America got their name, saw the homes on stilts in the port of Caracas he thought it looked like a little Venice and jotted this observation on his map of the harbor - and Venezuela got its name from a foreigner. Today foreigners have their eyes on more than the country's name. Venezuela has the largest concentration of heavy crude in the world and the government of Venezuela has begun to reclaim those resources for its people. This make foreign oil barons quite concerned about their future profits and it puts Venezuelan president Hugo Chavez in their sights.

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Why Does Venezuelan President Hugo Chavez Make the Oil Giants Nervous?