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CG51
12-01-2007, 08:06 AM
Chavez threatens to cut oil if U.S. questions vote (http://www.cnn.com/2007/WORLD/americas/11/30/venezuela.protest/index.html)

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.

http://i.l.cnn.net/cnn/2007/WORLD/americas/11/30/venezuela.protest/art.prochavez.gi.jpg

Supporters of President Hugo Chavez rally Friday in Caracas, Venezuela.

http://i.l.cnn.net/cnn/.element/img/2.0/content/in_the_news/left_gray_btn.gif (http://www.cnn.com/2007/WORLD/americas/11/30/venezuela.protest/index.html#) 1 of 2http://www.cnn.com/.element/img/2.0/global/pic_changer/next.gif (http://www.cnn.com/2007/WORLD/americas/11/30/venezuela.protest/index.html#)

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.
Friday's rally acted as a counterpoint to an opposition march down the same streets Thursday that brought out tens of thousands who fear the 69 constitutional changes would serve to undermine basic democratic freedoms.
Chavez (http://topics.cnn.com/topics/Hugo_Chavez), 53, warmed the crowd up by serenading them with holiday "gaitas" and other traditional songs before turning his attention to a litany of enemies and perceived enemies: internal critics, the United States, Spain's King Juan Carlos, Colombia's President Alvaro Uribe and domestic and international media.
"We're not really confronting those peons of imperialism," Chavez said, alluding to his Venezuelan opponents. "Our true enemy is called the North American empire, and ... we're going to give another knockout to Bush."

He renewed his harsh criticisms of Juan Carlos and Uribe, with whom he has had recent high-profile disputes, and threatened to take independent Venezuela television network Globovision off the air if it broadcast partial results during the voting. He also threatened to take action against international networks, accusing CNN in particular of overstating the strength of the opposition's numbers.
"If any international channel comes here to take part in an operation from the imperialist against Venezuela (http://topics.cnn.com/topics/Venezuela), your reporters will be thrown out of the country, they will not be able to work here," Chavez said. "People at CNN, listen carefully: This is just a warning."
At stake in Sunday's vote is whether the leftist leader should have full authority over the now autonomous Central Bank and with it the nation's economic policy, changes Chavez has said he needs to move the economy further toward socialism.
The most controversial amendment would do away with term limits, allowing Chavez, who has served almost eight years in power, to hold his post indefinitely as long as he is re-elected.

Chavez, a former paratrooper, said the majority of the country's 26 million people back him. He has garnered overwhelming support from the country's poorer neighborhoods, who have benefited from his policies -- paid for by skyrocketing oil prices. Oil (http://topics.cnn.com/topics/Oil_Production_and_Refining) accounts for roughly 90 percent of the country's export earnings, according to the CIA World Factbook.
Despite the animosity that Chavez routinely aims at the United States, the two countries remain closely tied economically -- the United States is Venezuela's biggest oil customer and one of the few countries that can refine its low-quality crude. Venezuela accounts for up to 15 percent of U.S. crude imports.

the_recruit
12-01-2007, 10:37 AM
I don't think he would. After all the things he said about Bush and America, if he truley thinks that the "North American Empire" is his enemy, then the oil trade would have stopped a long time ago. I call bull on this one.

vinny_121_ND
12-01-2007, 11:06 AM
I think he's a crazed lunatic, so I'm going to bet he's going to shut oil supplies off for a week just to see what will happen.

Gromit
12-01-2007, 01:13 PM
I don't think he really will. The USA is such a big market for oil that cutting off deliveries for even a week would bring them gazillions of $$$ of losses.
"You don't give us the oil - we don't give you the money"

BloodyTalon
12-01-2007, 01:53 PM
Chavez may be crazy, but he's not stupid. We account for almost half of Venezuela's exports. The minute he shuts the pipes is the minute he makes a massive chunk of his country's economy dissappear, and then his regime will follow suit.

Rictor
12-01-2007, 01:54 PM
Won't happen - he needs the money and the US needs the oil.

Dasein
12-01-2007, 02:09 PM
On the other hand, it's a lot easier to find buyers for oil than sellers.

BloodyTalon
12-01-2007, 02:13 PM
On the other hand, it's a lot easier to find buyers for oil than sellers.
Unless he has China already lined up to take our former share the day he cuts us off, its still going to negatively impact his economy more than it will impact ours.

Hollis
12-01-2007, 02:24 PM
In a way the oil supply is like a big lake, depends on which end of the lake you dip from.

He won't sell to the US, then who ever buys his oil, won't by from someone else, who then will sell it to the US. He may loose some market shair, that will be somewhat costly.

mas-36
12-01-2007, 02:43 PM
The oil flow won't be cut. Chavez knows he doesn't have to cut anything...the simple mention of it is enough to send prices higher.

Laworkerbee
12-01-2007, 03:17 PM
On the other hand, it's a lot easier to find buyers for oil than sellers.

Then again the USN could stop his exports entirely.

RICHICOQUI
12-01-2007, 03:39 PM
http://www.realclearpolitics.com/articles/2007/11/hugo_chavezs_most_dangerous_en.html check it out

FelixA9
12-01-2007, 09:16 PM
Then again the USN could stop his exports entirely.


not that I'd actually WANT it to happen (god knows how high oil would get jacked up) but the thought is amusing.

Laworkerbee
12-01-2007, 09:17 PM
not that I'd actually WANT it to happen (god knows how high oil would get jacked up) but the thought is amusing.

Yeah, it was one of those "Just saying!" comments.

Hollis
12-01-2007, 09:36 PM
So far Chavez has been using all this talk for domestic consumption and have not actually done anything.

Ordie
12-01-2007, 11:51 PM
I say go ahead.

Citgo refineries and distribution network can be confiscated through eminant domain.

The Saudi can increase production to compensate for the loss and keep the prices in check.

The Venezuelans lost a major customer and cash flow.

Who else can Venezulans sell its thick Orinoco Crude. Chinese? Too far and too costly to refine.

Ghelp
12-02-2007, 12:05 AM
Yeah right,More talk from Chavez.

KillerBD
12-02-2007, 12:10 AM
Ahuh... I used to think Chavez just had a rebel like personality.... But now.... He's just needs to STFU and sit down (obviously too paranoid to be in charge of any type of public office).

Zerazax
12-02-2007, 04:39 AM
He's just needs to STFU and sit down (obviously too paranoid to be in charge of any type of public office).


The King of Spain already suggested that to him rofltoo bad that didn't work

Tareece
12-02-2007, 11:01 AM
Amazing the sheer boldness of his idiocy...Power corrupts. Absolute power corrupts absolutely. Chavez is absolutely drunk with power..Forget whats best for his people. Its whatever is best for him. He'll win, just like Putin. They (all USA haters) can spit and fume and rag aginst the Imperialist Americans...But we always (especially in 2000) have a PEACEFUL turnover in power. Banana republics? nah....former communist nations? nahhhhhhh
Hate us. We have issues, but we ending up working them out.