Chavez Threatens to Cut off Oil Supply

Written by FrumForum News on Monday July 26, 2010

The BBC reports that Hugo Chavez has threatened to cut of oil exports to the U.S. if Venezuela is attacked by Colombia:

President Hugo Chavez of Venezuela has threatened to halt oil exports to the US if his country is attacked by Colombia - a close US ally.

The threat comes amid an escalating dispute over allegations that Venezuela is harbouring Colombian rebels.

Mr Chavez broke diplomatic ties with Colombia last week and put his army on high alert.

Venezuela is America's fifth biggest source of imported oil, supplying about a million barrels a day.

Mr Chavez said he had received intelligence that "the possibility of armed aggression against Venezuela from Colombia was higher than it had ever been".

"If there was any attack on Venezuela from Colombian territory or from anywhere else, promoted by the Yankee empire, we would suspend oil shipments to the US, even if we have to eat stones," he said.

"We would not send one more drop to US refineries."

The left-wing Venezuelan leader also said he had cancelled a trip to Cuba to celebrate a revolutionary anniversary with his close ally, President Raul Castro, because of the danger of attack.

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