Oil rich Venezuela slowly turning out as another Iraq – Chavez threatens to cut petroleum supplies to America
Preeti Singhani
Aug. 16, 2005

Venezuelan President Hugo Chavez’s rhetoric against America sounds the same and reminds of Saddam Hussain of Iraq. It seems another Iraq episode is in the making and this time in the Latin America.

Venezuelan President Hugo Chavez threatened again Aug. 14 to suspend crude oil shipments to the United States if U.S. government "aggressions" against Venezuela do not cease. If these aggressions continue to escalate, Chavez said, it could lead to a break in diplomatic relations between Caracas and Washington.

Dies this rhetoric have any value? It is essential that US and Venezuela sit together in a table and square out the differences. This strange rhetoric is harmful because minimally it unnecessarily allows more gouging the oil to escalate the price of crude and natural gas.

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