President Hugo Chavez warns that oil prices could reach $500 a barrel were the United States to attack Venezuela

Following the discovery of a U.S. Navy fighter in Venezuelan airspace, President Hugo Chavez warned that oil prices could reach $500 a barrel were the United States to attack Venezuela.
The ever outspoken Chavez told Venezuelans that the country's state-run energy company PDSVA no longer would export oil to 'anyone' in the event of a U.S. attack on South America's largest petroleum producer. 'Now we're at $120 (per barrel of oil on the international market), and it's continuing up,' said Chavez in a national address. 'If there's a war against Venezuela … it won't depart from the Venezuelans, it won't go to anyone.'
The Venezuelan leader's warning followed the recent admission by the United States that a counter-narcotics plane 'briefly' entered Venezuelan airspace when it became disoriented. According to Venezuelan defense officials, however, the plane flew nearly directly over the Venezuelan territory of the island of La Orchila in the Caribbean, where the Venezuelan military has a base. 'This is just the latest step in a series of provocations,' said Venezuelan Defense Minister Gustavo Rangel in an apparent reference to increased condemnation of the leftist Chavez government by the Bush administration in recent years, despite the fact the United States remains Venezuela's largest oil customer.

Venezuela is facing the most difficult period of its history with honest reporters crippled by sectarianism on top of rampant corruption within the administration and beyond, aided and abetted by criminal forces in the US and Spanish governments which cannot accept the sovereignty of the Venezuelan people to decide over their own future.

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