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OPEC: Chavez Warns of $200 per Barrel if Iran Attacked

Posted on November 17th, 2007 by mpress101

rev.jpg

Every time this mini Stalinist Chavez opens his mouth something provocative comes out. After being told to “shut up”by the king of Spain (because he is an embarrassment to Latin Americans), It was a Que for Chavez to keep spitting threats out of his mouth. These are not empty threats and people better be listening.

There is an alliance of countries that are hostile to the U.S. and it is not an idle hostility. Castro has his hands in this and we will soon be faced with a Latin American, Middle East situation. Just the other day the State Dept. had to call in the Ambassador of Bolivia and scold him like a child. Bolivias Morales is running around accusing State Dept. officials of trying to depose him. Chavez has emboldened these tin pot leaders who think the U.S. is weak and on the decline. If the U. S. wanted to mess with these people it would take maybe ten minutes to confiscate and block any export from any of these soon to be dictatorships. If they had the power what do you think Castro and Co. would do to us? So like Sadamm these guys talk and talk but they ain’t sh*t when it’s time to walk the walk...

Venezuelan President Hugo Chavez said on Saturday that oil prices could more than double to $200 per barrel if the United States attacked Iran over a standoff about Tehran’s nuclear programme.

“If the United States is crazy enough to attack Iran or commit aggression against Venezuela … oil would not be $100 but $200,” Chavez told an OPEC summit in the Saudi capital Riyadh. His remarks were translated into Arabic.

Chavez also said $100 per barrel was a “fair” price for oil.

Oil has lapped against the $100-mark this month, prompting consumer nations to call on the exporter group to help ease price pressure by providing the market with more crude.

On Friday, Saudi Arabia objected to an attempt by Iran and Venezuela to highlight concern over the dollar’s weakness in the summit communique and the group voted the proposal out.

Venezuela is a price hawk and holds some of the largest reserves outside the Middle East and is the No. 4 U.S. supplier.

Source: France24

Illustration   By Ben Heine

Filed under: Iran, News, OPEC, Oil

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