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Page added on January 13, 2005

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Senator Worried About Cutoff of Venezuelan Oil

The chairman of the Senate Foreign Relations Committee wants to know what contingency plans the United States has in place to counter a disruption in crude oil and petroleum product imports from Venezuela.

Venezuela is the fourth-biggest petroleum exporter to the United States, even though the State Department has said the OPEC member is not a reliable supplier.
There is continuing political unrest in Venezuela and a workers’ strike several years ago severely disrupted oil shipments to the U.S. market for months.

Sen. Republican Richard Lugar of Indiana, who heads the foreign relations panel, asked the Government Accountability Office to investigate what the United States can do to handle a cutoff in Venezuelan oil supplies.

more at Reuters



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