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Sunday, March 19, 2006

U.S. threatens to ban Venezuelan oil: Venezuela's vice president

UPDATED: 12:08, March 18, 2006
U.S. threatens to ban Venezuelan oil: Venezuela's vice president

The United States is threatening to ban oil exports from Venezuela, Jose Vicente Rangel, Venezuela's Vice President said on Friday.

"There is a veiled threat from the U.S. authorities to ban Venezuelan oil," Rangel said, adding that the Venezuelan government has been preparing for it.

"If we can sell gasoline to China, India and Latin America, as we have been doing, we will not have a problem," he said.

In response to a question about the likelihood of a U.S. invasion of Venezuela, Rangel said the U.S. government is unpredictable, and run by "a group of irresponsible madmen headed by George W. Bush."

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