US probe into Venezuela's oil supply threat 'absurd'
By Andy Webb-Vidal in Caracas
Published: July 11 2006 03:00 | Last updated: July 11 2006 03:00
Venezuela has rejected as "absurd" a recent US congressional investigation that warned of the risks posed by President Hugo Chávez's threats to "cut off" oil supplies to America.
Bernardo Alvarez, Venezuela's ambassador to the US, dismissed the findings of the Government Accountability Office (GAO) in a letter to Richard Lugar, Republican chairman of the Senate foreign relations committee, on Friday. Mr AlvarÂÂez'sletter, a copy of which was obtained by the FT, is the first official response to the report published last month - 18 months after it was commissioned by Mr Lugar.
Venezuela supplies 1.5m barrels of oil a day to the US. Mr Chávez has threatened to "cut off" those exports if Washington continues, as he alleges, to "plot" his overthrow.
US officials say Mr Chávez is using Venezuela's oil revenues to undermine democracy in Latin America but Venezuela says it is merely helping communities impoverished by US-backed economic policies
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http://www.ft.com/cms/s/6274400a-1079-11db-8eec-0000779e2340,_i_rssPage=8fa2c9cc-2f77-11da-8b51-00000e2511c8.html