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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.
==Further reading==
*[http://www.realclearpolitics.com/Commentary/com-2_24_06_AVL.html ''Why The Left Should Cringe at The Mention of Hugo Chavez''], Alvaro Vargas Llosa, Independent Institute, February 24, 2006.