Hugo Chavez Update

Just reading the title of the post should lead you to assume this will be at the very least, slightly entertaining.

I would like to make a point before proceeding with the post. Hugo Chavez, Kim Jung Ill, and Mahmoud Ahmadinejad carry a few similar characteristics. They hate the U.S. and its foreign policy. They love to make head lines with big talk, and I think they were the "little guy on the play ground." Meaning, they are making up for something by displaying their "power."

Anyways, back to the news. The Hindu International reports that Hugo Chavez said "Reconciliation with Washington was impossible." He also threatened again to shut off his oil supply to the U.S.

Chavez said that oil was the only reason that the U.S. invaded Iraq. He also stated that the U.S. was behind the coup to over throw Chavez in 2002, again stating that oil was the reason.

He finished by saying that coexistence was possible, but that any further aggression towards Venezuela, by the U.S., would result in a complete cut off of oil supplies to the U.S. It's important to note that Venezuela is the 4th largest supplier to the of crude to the U.S.

The bigger picture here is U.S. oil dependency as a weakness. We have to do whatever Hugo Chavez says because we NEED him and his oil. Energy dependency and our reliance on foreign generosity to finance our debt are two HUGE weaknesses for the U.S. Either one gone bad would have horrendous economics results.