Monday, February 11, 2008

• All bark? Chavez threatens to cut off U.S. oil shipments

  
  The CNN article reporting this threat neglects to say that this is a bit unrealistic and that Chavez is bluffing for one simple reason: the U.S. has the refineries necessary to process the kind of crude that Venezuela has. Chavez has to send it to the U.S. because he doesn't really have any other options. China? Doesn't have the refineries. For all his anti-U.S. empire talk, for all his Bolivarian Revolution talk, he's not stopped leaning on the U.S. for that.
  
  

  • 6:42 AM
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