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Saturday, April 17, 2010

Venezuelan minister says US war with Iraq was for oil http://www.caribbeannetnews.com/article.php?news_id=22686

Venezuela's oil minister on Friday criticized the United States for promoting secure global energy supplies and at the same destabilizing oil producing countries like Iraq. Venezuela's Energy and Petroleum Minister Rafael Ramirez. Venezuela's Rafael Ramirez argued the United States started the war with Iraq over oil and said that contradicted Washington's call for the world's energy supplies to be secure. 

"How can big and industrialized consuming countries pretend to (want) stability in supply, if they are provoking destabilization in producing nations," Ramirez said on the sidelines of an energy and climate change conference being held in Washington. Speaking on oil market issues, Ramirez said that OPEC should set production levels that keep crude costs in a price band of between $80 and $100 a barrel. "We need to build a band between $80 and $100 a barrel. That should be the band," he said. 

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