You're forgetting the most quotable line of the entire article:
Our State Department is creative; surely, if called upon, it would be able to figure out an arrangement for operating the oilfields that would safeguard our supply and win the blessing of a revenue-hungry regime with a stake in the continued flow of oil. And surely such a regime, if it did not exist, could be invented.
That applies to hispanics just as well as arabs. Our involvement in Latin America over the past two hundred plus years proves this. Heck! We already have military stationed down there supposedly "fighting the war on drugs" next door in Columbia. Move the battle across the border and wipe out all parties involved. Then the U.S. can help the Venezuelans start over with a clean slate (one favorable to us, of course). We'd have a stable ally in the region, a more reliable source of oil, and the satisfation of scaring the bejeeszus out of all the little communistas in the area.