During OPEC meeting, Venezuelan President Hugo Chavez agreed to the current price od oil. He even described it as just and fair price. However, he announced that the oil price would be doubled (200 US dollar)if US would make any offensive act against Iran or even assail Venezuela. There were some hanging questions...Why? was there a gap among these countries?
"If the United States attempts the madness of invading Iran or attacking Venezuela again, the price of oil is probably going to reach $200, not just $100," Chavez said.
While Iran has been in a standoff with the U.S. over its nuclear program, left-wing Chavez is a bitter antagonist of President Bush.
"We are witnessing constant threats against Iran. I think OPEC should strengthen itself in this capacity and demand respect for the sovereignty of our nations, if the developed world wants a guaranteed supply of oil." It was the third full OPEC summit since the organization was created in 1960.
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