Tuesday, February 3, 2009

Chavez doubts U.S. can shake oil needs


Venezuelan President Hugo Chavez said he supported U.S. President Barack Obama's efforts to find alternative energy sources but doesn't believe the United States can do it.

"I don't know how he will achieve what he said he would," Chavez said in an exclusive 30-minute interview with CNN en Espanol's Patricia Janiot Monday night. "It's very difficult for the United States to diminish its use of oil."
The United States, a major Venezuelan oil consumer, needed petroleum "like air, like oxygen to live, to survive," Chavez said.
"We employ thousands of workers in the United States," Chavez said. "We give aid to hundreds of thousands of poor families in the United States with our heating oil program."
Chavez added that also isn't worried about the falling price of crude oil because there is such worldwide hunger for petroleum.
"The world will need to sustain its industrial rhythm," he said.
Chavez certainly hopes that's the case. Oil revenues account for about 90 percent of Venezuela's export earnings, about half of federal budget revenues and some 30 percent of gross domestic product, according to the CIA Factbook.

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