Chávez warns oil prices could double if US invades Iran
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Monday, November 19, 2007
- Colombian police claim that Venezuelan government paid FARC rebels $300 million
- Venezuelan police arrest bank robbers, free hostages
- Hugo Chávez sets new time zone for Venezuela
- Venezuela's constitutional reform referendum fails to pass
- Colombia ends Chávez-FARC mediations
- Chávez warns oil prices could double if US invades Iran
The president of Venezuela, Hugo Chávez, warned that the price of crude oil could reach $200 per barrel "if the United States commited the madness of invading Iran", or attacked his country.
Chávez made this statement in the act of opening the third Summit of Chiefs of State of the Organization of Petroleum Exporting Countries (OPEC).
Mr. Chávez pleaded that OPEC should adopt a more political agenda and requested "that the threats against the countries" of the organization should stop. He said that $100 dollars per barrel was a "fair" price and remembered that when he assumed presidency of Venezuela in 1999, the price went up to about ten dollars.
The prices of raw oil approached $100 last week before settling down again. Some observers think it is possible that the $100 barrier may be broken. During the trading session following this two-day summit, that is expected to result in the "Declaration of Riyadh", the price of petroleum rose $0.80 in the New York market and $0.66 in London.
[edit] Sources
- November 19, 2007 - 19:30 UTC
- Prices displayed in U.S. dollars.
| This is a complete or partial translation of the article "Chávez amenaza con un barril de petróleo a 200 dólares si EEUU invade Irán" from the Español language Wikinews. |
- "Chávez amenaza con un barril de petróleo a 200 dólares si EEUU invade Irán". 20 Minutos, November 17, 2007 ((Spanish))
- "Chávez dice que el crudo puede llegar a 200 dólares si EEUU invade Irán". Agencia EFE, November 17, 2007 ((Spanish))
