Chavez: Our Oil Does Not Belong to Mr. Bush

Hugo Chavez tells audience in Bangalore, India that he expects the Bush Administration to declare Venezeula a national security threat so it can expropriate its oil.

Published: 09-Mar-2005

p;Venezuelan President Hugo Chavez on Monday accused the United States of planning to portray his country as a security threat in order to capture its vast oil reserves.

  "We are just waiting for the United States to announce next that Venezuela has weapons of mass destruction," Chavez said in a speech in the southern Indian city of Bangalore.

  Chavez - who has repeatedly accused U.S. President George W. Bush of plotting to assassinate him, a charge Washington denies - said U.S. officials have called him "a threat" and a "destabilizing force" because they want an excuse to gain control over Venezuelan oil reserves.

  "The United States government would very much like to keep all our oil for itself," Chavez said. "But our oil reserve does not belong to Mr. Bush. The oil belongs to the Venezuelan people."

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