RealNews

Venezuelan Oil Losing Share of Key U.S. Market

When the state oil company recently took over the last privately run oil fields in Venezuela, President Hugo Ch?vez declared it a victory against Washington and a giant leap toward a new energy policy that would diversify the market for Venezuelan crude to include rising powers like China. “Down with the American Empire!” shouted Ch?vez, who often warns that he’ll shut off the oil spigot to the United States if the Bush administration invades Venezuela or hatches an assassination plot against him. Full Story

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