Will Chávez's Oil Still Flow?

The Venezuelan leader wants to export more oil to China

Whether or not Venezuelan President Hugo Chávez is the next Fidel Castro, the leftist firebrand has mastered the Cuban's art of pushing the U.S.'s buttons--including the ones on our gas pumps. Venezuela is the U.S.'s fourth-largest oil supplier (15% of U.S. imports), a nearby and reliable source that few in Washington want to alienate. But the visit to Caracas last week by Chinese Vice President Zeng Qinghong was the latest reminder that Chávez, a sharp critic of U.S. foreign policy, wants to cut Venezuela's dependence on the U.S. market and start exporting to his oil-thirsty ideological ally, China. Talks are under...

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