Chavez to Push OPEC for High Oil Prices
President Hugo Chavez will continue pressing the Organization of Petroleum Exporting Countries (OPEC) to defend high oil prices if he wins a second six-year term on Sunday, Venezuela's oil minister said.
Over the past 8 years Chavez has been one of OPEC's leading price hawks, consistently urging the group to cautiously manage oil supply to prevent prices from falling below $50 a barrel.
Venezuelans are choosing between leftist Chavez and Manuel Rosales, a moderate who favors free markets over socialism, in Sunday‘s presidential poll.
Venezuela, a major supplier of crude to the United States, is the world's fifth-largest exporter.
Over the past 8 years Chavez has been one of OPEC's leading price hawks, consistently urging the group to cautiously manage oil supply to prevent prices from falling below $50 a barrel.
Venezuelans are choosing between leftist Chavez and Manuel Rosales, a moderate who favors free markets over socialism, in Sunday‘s presidential poll.
Venezuela, a major supplier of crude to the United States, is the world's fifth-largest exporter.
posted by Ottawa Gas Prices | 10:55 PM
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