Friday, May 16, 2008

Chavez says that crude oil would rise to “$400 or $500 a barrel” if the US attacks Venezuela

Venezuelan President Hugo Chavez said yesterday that crude oil would rise to “$400 or $500 a barrel” if the US attacked his country, the biggest oil exporter in the Americas.
The impending reactivation of the US Fourth Fleet in the Caribbean on July 1, and a possible US base on the Guajira Peninsula, which Venezuela shares with Colombia, were both threats to his country, Chavez said.

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