"Oil rich Venezuela slowly turning out as another Iraq â Chavez threatens to cut petroleum supplies to America " by Preeti Singhani. 16 August 2005 http://www.indiadaily.com/editorial/4190.asp Venezuela is an important US supplier of both crude oil and refined products. US/Venezuelan diplomatic relations have been deteriorating, to judge by the utterances of Pres. Chavez. Venezuelan President Hugo Chavez threatened again Aug. 14 to suspend crude oil shipments to the United States if U.S. government "aggressions" against Venezuela do not cease. If these aggressions continue to escalate, Chavez said, it could lead to a break in diplomatic relations between Caracas and Washington. I have read elsewhere that Pres. Chavez suspects US government of complicity in an attempted coup d'etat against him. This story is getting little or no play on American television news. US energy markets are very tight right now. Interruption of Venezuelan energy exports would have attention-grabbing consequences in my opinion.