CelticMist
November 18th, 2007, 02:13 AM
Chavez warns U.S. attack on Iran or Venezuela would raise oil prices
By Sebastian Abbot, The Associated Press
RIYADH, Saudi Arabia - In his opening address of a rare OPEC summit, Venezuelan President Hugo Chavez warned the United States on Saturday that oil prices would further surge if the U.S. contemplates an attack against his country or Iran.
Minutes after Chavez declared that the Organization of Petroleum Exporting Countries should "assert itself as an active political agent," Saudi King Abdullah appeared to rebuke the Venezuelan, insisting that "OPEC has always acted moderately and wisely."
"Oil is an energy for development, it should not become a tool for conflict and emotions," said the king, a close U.S. ally whose country is the world's largest oil producer.
http://ca.news.yahoo.com/s/capress/071117/world/opec_summit
By Sebastian Abbot, The Associated Press
RIYADH, Saudi Arabia - In his opening address of a rare OPEC summit, Venezuelan President Hugo Chavez warned the United States on Saturday that oil prices would further surge if the U.S. contemplates an attack against his country or Iran.
Minutes after Chavez declared that the Organization of Petroleum Exporting Countries should "assert itself as an active political agent," Saudi King Abdullah appeared to rebuke the Venezuelan, insisting that "OPEC has always acted moderately and wisely."
"Oil is an energy for development, it should not become a tool for conflict and emotions," said the king, a close U.S. ally whose country is the world's largest oil producer.
http://ca.news.yahoo.com/s/capress/071117/world/opec_summit