Neocon Nightmare – Oil, Socialism, And Chutzpah In Venezuela

Treading in deep water in Iraq, America’s Oligarchs do not have the resources to deal with Chavez in their usual ways. He has fostered a close relationship with long-time “enemy of the state” Fidel Castro. Venezuela is the fifth largest oil producer in the world and accounts for 15% of US oil imports. Chavez has led a resurgence in the power of OPEC to influence the world oil market. Under his leadership, oil-rich developing nations are increasingly demanding a just price for their precious resource to enhance the quality of life for their populaces. Having learned to wield oil as an economic weapon to subdue the Neocons, Chavez presents a tremendous challenge for Rumsfeld and company.