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Hugo Chavez Is A Blowhard . . .
By Pejman Yousefzadeh Posted in Economic Blackmail | Foreign Affairs | Hugo Chavez | oil — Comments (0) / Email this page » / Leave a comment »
But that doesn't mean that comments like the ones reported on here won't serve to drive up oil prices and increase instability in the world. At some point in time, it becomes incumbent on OPEC to rein Chavez in and point out that in the long term, he is doing great damage to the cartel's ability to get along with the rest of the world. Chavez's statements lend an increasing air of unpredictability to energy policy and with that unpredictability comes an increased chance for serious and sustained trouble.
Eventually, that trouble could turn into violence. And that would be the last thing OPEC's member nations (at least, the more responsible among them) would need.