Through Venezuala's state owned petroleum industry and membership in [[OPEC]], Chavez who is a [[Marxist]] now has important dictatorial powers in setting oil prices. The United States relies heavily on Venezualan imports of crude oil. Chavez has stated publicly he beleives $60 per barrel of crude oil is an appropriate price. American consumers ultimatley shoulder the burden of this "democratic socialism" in higher prices at the pump and lower living standards. | Through Venezuala's state owned petroleum industry and membership in [[OPEC]], Chavez who is a [[Marxist]] now has important dictatorial powers in setting oil prices. The United States relies heavily on Venezualan imports of crude oil. Chavez has stated publicly he beleives $60 per barrel of crude oil is an appropriate price. American consumers ultimatley shoulder the burden of this "democratic socialism" in higher prices at the pump and lower living standards. |