Chávez destabilizes, and U.S. pays bill - 10/18/2007 - MiamiHerald.com
Carlos Erban said...
Unfortunately, Oil producing countries in the Middle East and Russia are not a better option for the U.S. The Cuban embargo might have had an effect because tourism is their main industry and the U.S was only a few miles away. Oil is a commodity. I don't foresee an embargo because it would be horrible for both countries. However, Chavez is paranoid, and Venezuela is getting ready for a possible embargo in the future. As a matter of fact, it may come from Venezuela to the U.S. Chavez was able to withstand a 6 month stoppage with little international reserves, which are now near $40 billion -- more than enough to keep Venezuela afloat for at least year. Our best solution is to start seriously implementing fuel alternatives so that we don't have to depend on the Middle East, Russia or Venezuela to keep driving our SUVs with cheap fuel
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