Venezuelan Oil.

Paper Summary:

This paper examines the current situation with Venezuela, the oil reserves being offered to the US by Chavez, the past history of US involvement in Venezuela and military intervention to preserve petroleum interests. This paper also looks at Roosevelt's Corollary to the Monroe Doctrine as an example of controlling US interests in Latin America.

From the Paper:

"The week before hurricane Katrina hit the US coast, when gas prices were already high and showing no signs of coming back down, Venezuelan president Hugo Chavez offered to sell "gasoline and heating fuel" to the US poor for a reduced price ("Chavez offers cheap gas to poor in U.S."). According to the federal government, the US imports 1,292,000 barrels of oil from Venezuela per day, more than twice as much as from Iraq, and only less than Canada, Mexico and Saudi Arabia ("Crude Oil and Total Petroleum Imports Top 15 Countries"). The relationship between the US and Venezuela has been reported as tense recently, with rumors of US warships heading their direction for a NATO-led attack, and religious-right Pat Robertson demanding the assassination of Chavez ("Chavez: U.S., NATO planning an attack"). "

More papers on Venezuelan Oil.:

• Essay # 49621 : "Venezuelan Oil Policy: A Security Perspective"
• Term Paper # 103342 : "Venezuela and the United States"
• Essay # 65852 : "Social Impact in Modern Venezuela"

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