Chavez Threatens to Cut Off Oil to U.S.
The absolute arrogance of some of the OPEC member countries; Chavez in particular. At the moment they are awash in cash and seem to be under the illusion that its going to last. I say, go ahead, cut oil sales to the U.S. It’ll hurt Venezuela more than it’ll hurt us. A true free-market society will always outperform and outlive a socialist one.
CARACAS, Venezuela (CNN) — President Hugo Chavez on Friday wrapped up his campaign to push through broad constitutional changes with a broadside attack against adversaries at home and abroad — including a threat to cut off oil exports to the United States.
Chavez told a crowd gathered in the center of Caracas that if the referendum was approved and the result was questioned — “if the ‘yes’ vote wins on Sunday and the Venezuelan oligarchy, playing the [U.S.] empire’s game, comes with their little stories of fraud” — then he would order oil shipments to the United States halted Monday.
Chavez spoke after tens of thousands, brought on buses from throughout the country, marched down the capital’s principal boulevard to rally support for Sunday’s referendum, which would free Chavez from term-limit restrictions and move the country toward institutionalized socialism.
Read the rest: Chavez threatens to cut oil if U.S. questions vote.