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Venezuela threatens to cut oil exports to U.S (yap yap yap!)
Reuters on Yahoo ^ | 11/30/07 | Brian Ellsworth

Posted on 11/30/2007 4:49:54 PM PST by NormsRevenge

CARACAS (Reuters) - Venezuela's leftist President Hugo Chavez said on Friday he will cut oil sales to the United States if the American government interferes in Sunday's referendum aimed at allowing him to run for reelection indefinitely.

Chavez told supports at a rally that the state oil company will halt sales to the United States on Monday if Washington interferes with the vote on the proposed constitutional reform.

The Venezuelan leader and Cuba ally also said he had ordered the military to protect oil fields and refineries in case of political violence.

The reform would also give him direct control over foreign currency reserves while reducing the workday to six hours and expanding social security benefits for informal workers like street vendors.


TOPICS: Business/Economy; Foreign Affairs; Politics/Elections; War on Terror
KEYWORDS: chavez; hugochavez; oilexports; threatens; venezuela
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To: G8 Diplomat
Hey! I can read lips!


21 posted on 11/30/2007 5:12:14 PM PST by FormerACLUmember (“If a tax cut increases government revenues, you haven’t cut taxes enough.” –Milton Friedman)
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To: RightWhale

Lets see, who will visit Hugo for a hug in the near future?
Nancy Pelosi, Jimmy Carter, Barabara Striesand, Sean Penn. Now don’t you feel a lot better knowing we have a working diplomatic contingency in the US that will step-in in a moments notice to suck up to brutal dictators around the world. DISPICABLE UN AMERICAN HUMANS!


22 posted on 11/30/2007 5:12:34 PM PST by ronnie raygun (Id rather be hunting with dick than driving with ted)
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To: NormsRevenge

23 posted on 11/30/2007 5:14:35 PM PST by reagan_fanatic (Ron Paul put the cuckoo in my Cocoa Puffs)
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A boy walks by a mural depicting the last supper showing Jesus, center, surrounded by leftists icons, including Venezuela's President Hugo Chavez, third from right, in Caracas, Friday, Nov. 30, 2007. Venezuelans will vote Sunday in a referendum called by the government on major changes to their constitution, including removing presidential term limits and expanding presidential powers. (AP Photo/Gregorio Marrero)


24 posted on 11/30/2007 5:15:00 PM PST by NormsRevenge (Semper Fi ... Godspeed ... ICE’s toll-free tip hotline —1-866-DHS-2-ICE ... 9/11 .. Never FoRGeT)
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To: NormsRevenge

25 posted on 11/30/2007 5:16:10 PM PST by Bobalu (I guess I done see'd that varmint for the last time....)
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To: Dog Gone
Thanks!

Learn something everyday....

26 posted on 11/30/2007 5:18:11 PM PST by LasVegasMac (Islam: Bringing the world death and destruction for 1400 years!)
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To: NormsRevenge

Maybe I can get better odds if I bet it won’t be a gringo.


27 posted on 11/30/2007 5:20:00 PM PST by TigersEye (This is the age of the death of reason.)
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To: DoughtyOne
quit importing from Venezuela

Don’t know about rest of US, but in Texas most of the crap Citgo stations are out of biz due to our refusing to buy from Hugo.

Still there’s a big citgo refinery at Corpus Christi which is possibly the only one woprldwide that can turn asphalt into gasoline.

28 posted on 11/30/2007 5:20:10 PM PST by dusttoyou (FredHead from the git go)
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To: rabscuttle385
Somebody else post the STFU image; I am growing weary of this buffoon from Caracas.


Hey Hugo!...
Photo Sharing and Video Hosting at PhotobucketPhoto Sharing and Video Hosting at Photobucket

29 posted on 11/30/2007 5:21:18 PM PST by Cobra64 (www.BulletBras.net)
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To: NormsRevenge

Great graphic, Norm. I absolutely love it!

Have a great weekend.........stay warm.


30 posted on 11/30/2007 5:22:16 PM PST by EggsAckley
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To: Dog Gone
"How would we interfere?"

Maybe our lefties have Hugo convinced that Karl Rove can make Hugo's voting machines vote against him like the ones in Ohio did to Kerry. LOL!

31 posted on 11/30/2007 5:22:44 PM PST by penowa
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To: NormsRevenge

Venezuela supplies 14% of our oil imports and that represents 80% of their exports. So...


32 posted on 11/30/2007 5:22:59 PM PST by blam (Secure the border and enforce the law)
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To: LasVegasMac

http://www.financialsense.com/editorials/gue/2007/0330.html

Read the paragraph after the first chart...


33 posted on 11/30/2007 5:23:04 PM PST by 2ndDivisionVet (Your "dirt" on Fred is about as persuasive as a Nancy Pelosi Veteran's Day Speech)
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To: NormsRevenge

This guy is the exact opposite of what the state department would like. But..That might be a good thing. My State Department is paying over 500 million dollars to a terrorist organisation. WE just gave them a raise. I thought that we were fighting a war against ......TERRORISTS..my money and your money is going to the palestinians. They tell you that they are killers and terrorists.


34 posted on 11/30/2007 5:26:57 PM PST by mirkwood
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To: EggsAckley

Thanks..

stay warm.

Good luck! It’s gonna be 50ish the next few days..


35 posted on 11/30/2007 5:27:06 PM PST by NormsRevenge (Semper Fi ... Godspeed ... ICE’s toll-free tip hotline —1-866-DHS-2-ICE ... 9/11 .. Never FoRGeT)
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To: LasVegasMac

Oh grasshopper you have a lot to learn.


36 posted on 11/30/2007 6:02:49 PM PST by Orange1998
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To: 2ndDivisionVet

Thanks for that.


37 posted on 11/30/2007 6:11:56 PM PST by Roccus (Hillary........brought to you by the PRC)
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To: NormsRevenge

“referendum aimed at allowing him to run for reelection indefinitely. “

Kind of like his friend Fidel, huh?


38 posted on 11/30/2007 6:24:15 PM PST by Aglooka
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To: dusttoyou

Good for you guys. We don’t have Citgo out here in California. I believe there are stations in the Ohio region.


39 posted on 11/30/2007 6:47:26 PM PST by DoughtyOne (Mr. President, Article IV Section IV is in our Constitution, and the states it refers to are ours.)
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To: dusttoyou
Still there’s a big citgo refinery at Corpus Christi which is possibly the only one woprldwide that can turn asphalt into gasoline.

I'm guessing but also hoping that you're joking, since that isn't possible. But the Corpus refinery is tooled for Venezuelan crude as are some in the Texas City area.

Some oil from Southern California has many of the same characteristics as oil from Venezeula, and the refineries there have to have units devoted to handling that heavy crude.

Heavy crude isn't bad. You can make less gasoline from it, but none of the barrel is useless. Asphalt is in constant demand.

We don't want to quit buying from Venezuela even though their oil is not exactly what we would prefer. The shipping costs, compared to what it would cost from the Middle East or elsewhere, make it our economic choice and we tool our refineries accordingly.

Still, my original post on this thread stands. Chavez could refuse to sell us oil, and it would make no difference than our decision not to buy Iranian oil.

The same amount of oil goes into the world market, and only the transportation fees increase, which affects the entire world, not the political target.

40 posted on 11/30/2007 6:47:56 PM PST by Dog Gone
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