Rising US-Venezuelan tensions raise oil supply concerns

Industry analysts and some US government officials worry that the tense relationship between the US and Venezuela is deteriorating to a point where key US crude imports could be jeopardized in the not too distant future."One can speculate that concerns in the US government about [Venezuela President Hugo Chávez]'s regime must be growing," noted Luis Giusti, formerly head of Petroleos de Venezuela SA (PDVSA) during 1994-99. Giusti now is a senior energy analyst with the Center for Strategic and International Studies in Washington, DC."In the shoes of [President George W. Bush's] administration, I would be thinking of having alternative channels for covering the 1.3 million b/d...

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