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August 14, 2005
The Australian: 'Bush Must Oil Latin Cogs'
David Nason, the New York correspondent for The Australian, told his readers in an August 15, 2005 article that, "A question now being asked is what would happen" if Venezuelan President Hugo Chavez "suddenly decided to stop supplying the US with oil or, worse, if he did a Saddam Hussein and stopped oil exports altogether?
"Venezuela is the world's fifth largest supplier of oil. It provides almost 17 per cent of US oil imports and the anti-Americanism espoused by Chavez seems to be escalating," Mr. Nason wrote.
The article raises other interesting points and notes that, "the world [is] guzzling oil at the rate of 83.7 million barrels a day and [that there is] no spare capacity in the market."
He told readers "a political upheaval that disrupted the world's finely balanced oil supply could be catastrophic."
"For Bush," he concluded, "getting to know Chavez - or at least getting to understand him a little better - ought to be on his list of oil priorities, along with some kind of meaningful national policy on alternative energy."
For more, see "Bush must oil Latin cogs."
Posted by Munir Umrani at August 14, 2005 02:30 PM
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