[India News]: Bangalore, March 7th, 2005 : Venezuelan President Hugo Chavez Monday held the US, especially President George Bush, responsible for the continued rise in petroleum oil prices in global markets. Addressing a press conference on the conclusion of his four-day visit to India here, Chavez said one of the reasons for the escalation of oil prices was the US invasion of Iraq and its failure to contain the raging violence, kidnappings and disruption of oil production in the war-ravaged country. "Though global demand for oil has been outstripping its production, we have to admit the Iraq war and the...