Tuesday, August 09, 2005

Your Fears Are Baseless

That assassination thing was just a misunderstanding. Trust us. Reuters (08.08.05):
"The United States is considering punishing Venezuela with sanctions for breaking off work with U.S. anti-drug agents in the world's top cocaine-exporting region, the State Department said on Monday. In a new blow to fraying ties between the United States and a key oil supplier, President Hugo Chavez said on Sunday he had suspended cooperation with the Drug Enforcement Administration because it was unnecessary and accused the U.S. agency of spying on his government." U.S. mulls sanctions on Venezuela over drug move
Balderdash, says the US. "'The fears are baseless,' State Department spokesman Adam Ereli told reporters. 'I think it's pretty clear to us that the motivation for this is not the accusation itself ... The motivation is an effort to detract from the government's increasingly deficient record of cooperation.'" Seeing as how as of May, 2005, the US is currently importing over 13% of its crude oil per day from Venezuela, we probably should be more concerned they'd impose sanctions on us:
Countrybbl/day (1000s)% of total
Mexico1,74818.317
Canada1,72218.045
Saudi Arabia1,43014.985
Venezuela1,27313.340
Nigeria1,11111.642
Iraq5886.162
Angola3413.573
Ecuador2382.494
Kuwait2132.232
United Kingdom1942.033
Russia1851.939
Algeria1521.593
Norway1171.226
Colombia1161.216
Brazil1151.205
Totals9,543100.000
Yep. That'd be 1.273 million barrels a day.

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