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Could the War on Drugs cost us in Oil?
August 16, 2005 ( politics )
The BBC writes:
Oil exports to the US could stop amid growing tensions between the two countries, Venezuelan President Hugo Chavez has said.He described recent US government actions as "aggressive" in a speech at a youth festival in Caracas.
As a result, Venezuelan oil "instead of going to the United States, could go elsewhere," he said.
Venezuela exports about 1.3 million barrels a day to the US and is the world's fifth largest oil producer.
Tensions between the two countries have escalated since President Chavez accused the US Drug Enforcement Administration (DEA) of spying on his government.
Washington denies the charge and has accused Caracas of failing to co-operate in the fight against drug-trafficking.
Remember that Venezuela is the only Western OPEC member, has more oil reserves than Saudi Arabia, and we don't play very nice with them. (Chavez and Castro are buddies)
Posted by griffjon at August 16, 2005 11:47 AM
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