Comment: Venezuela election result set to upset global oil politics

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Venezuela election result set to upset global oil politics

"Hugo Chávez promises to increase production and reduce dependence on US market by doubling crude exports to Asia"

"Oil helps to explain why Chávez is vilified in the US. In 2000, a year after taking power, he made his first mark on global affairs with a tour of the Middle East to lobby key Opec members – Iraq, Iran, Libya, Kuwait and Saudi Arabia – to drive oil prices higher. Since then, the cost of Brent crude has risen from less than $20 a barrel to more than $100.

Saddam Hussein and Muammar Gaddafi were among the leaders who joined Chávez to drive up prices. Molina believes it is no coincidence that they were deposed and killed: "There's a plan in place to control the global oil market. Anyone who tries to erode the monopoly ends up in conflict with the [US] empire." "

http://www.guardian.co.uk/world/2012/oct/06/venezuela-electi...