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  • Venezuela's president tells world to 'forget about cheap oil'

    03/05/2005 6:48:18 PM PST · by Kitten Festival · 51 replies · 1,663+ views
    The New Kerala ^ | March 5, 2005 | Agence Presse-France
    NEW DELHI (AFP) - Venezuelan President Hugo Chavez, whose country is the world's fifth-largest oil exporter, said that the world should get used to high oil prices. "The world should forget about cheap oil ... it won't happen," Chavez told a news conference in the Indian capital on Saturday, saying that the new price range for oil would remain between 40 dollars and 50 dollars. "That is the new band for oil," said Chavez, whose country is the only South American member of the Organisation of Petroleum Exporting Countries (OPEC). Chavez, on the second day of a visit to India...