VENEZUELA: The Case for Free Trade

Of all the members of the U.S. Congress, not even Senator Joe McCarthy is better known among Venezuelans than Representative Richard Simpson, Pennsylvania Republican. Simpson is the author of a bill to cut U.S. imports of foreign oil; Venezuelans estimate that it would cost them $340 million a year. Cheered on by small U.S. oil producers and coal interests, Simpson maneuvered his bill to a vote last year, only to have it sent back to committee. There it rests, grating harshly on Venezuelan nerve ends.

In Manhattan last week, the Venezuelan Chamber of Commerce of the U.S.* presented its case against...

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