Venezuelan President Threatens to Cut Off US Oil in Colombia Dispute

From Global Times
Venezuelan President Hugo Chavez threatened on Sunday to cut off oil supplies to the United States if his country was attacked by US-backed Colombia in a dispute over allegations that Venezuela provides a haven for Colombian guerrillas.

“If there is any armed aggression against Venezuela from Colombian territory or anywhere else supported by the Yankee empire, we would suspend shipments of oil to the United States, even if we have to eat stones here,” Chavez told thousands of supporters in an outdoor speech.

“We wouldn”t send another drop of oil to its refineries, not a single drop more,” he added.

If actually carried out, such a threat would be a big blow for the Venezuelan economy. More than 90 percent of its export earnings are from oil. The United States is the top buyer of oil from Venezuela, which is one of the US main oil suppliers.

Venezuela ruptured its diplomatic ties with Colombia on Thursday after Bogota accused Venezuela of harboring Colombian guerilla chiefs.
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