Hugo Chavez Threatens to Cutoff Oil Sales to U.S.

President Hugo Chavez on Sunday threatened to cut off oil sales to the United States if Exxon Mobil Corp. wins court judgments to seize billions of dollars in Venezuelan assets. “If you end up freezing Venezuelan assets and it harms us, we’re going to harm you. Do you know how? We aren’t going to send oil to the US. Take note, Mr. Bush, Mr. Danger”

Sometimes you try to give people the benefit of the doubt, but this is really difficult to do so with Hugo Chavez. Wow, Chavez needs to give some thought to what he is saying. Undoubtedly the United States is Venezuela’s number one export destination for these barrels. Is his “threat” of $200 barrels of crude supposed to scare us? This is exactly why our country’s energy policy needs to be multifaceted.

We really should address our dependencies on single regions, single resources, and single relationships with an eye toward broad diversification. Our goal should be to develop many energy sources, many supplying regions (both domestic and abroad), and no more “cozy triangles” between government, industry and special interest groups. Click the “Digg Story” link below to read the news account of Mr. Chavez’s banter.


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