Colombia v. Venezuela: Next Oil War?

“Oilmen are like cats; you can never tell from the sound of them whether
they are fighting or making love.” –Calouste Gulbenkian

The famous Armenian entrepreneur spoke these words when reflecting on the post-World War I carve-up of oil rights in Iraq and the Persian Gulf at the 1928 summit of top world oil companies and Western governments at Ostend, Belgium. Now, with the world’s eyes on Iraq, a similar carve-up may be
underway in South America’s Orinoco Basin and La Guajira, which together hold the planet’s greatest proven reserves outside the Persian Gulf. These
adjacent oil-rich regions are both dissected by the border between Colombia, Washington’s closest ally on the hemisphere’s southern continent, and Venezuela–ruled by a left-populist government sharply at odds with the White House.
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