Are we going to see more coercive moves from Russia and Venezuela?

Robert Bryce is a Texas-based freelance journalist and the current managing editor of Energy Tribune.  His most recent book,Gusher of Lies: The Dangerous Delusions of Energy Independence (2008) has been heralded as "visionary, even revolutionary" by The New York Times. In 2004, he published Pipe Dreams: Greed, Ego, and the Death of Enron, which told the story of how the energy's corporations unraveling.  His work has been published in numerous magazines and newspapers, including The New York TimesSlate, and The Atlantic Monthly. He resides in Austin, Texas.

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Question: Are we going to see more coercive tactics from Russia and Venezuela?

Robert Bryce: Well, I think that is it coercive or they just trying to get the maximum value for their commodity and I guess it depends on the if you are buyer or the seller and for the Russians they are I think simply trying to maximize revenue and that is what producers of the every commodity try and do, the Venezuelans I think a lot has been made of the rhetoric that it is coming out of Venezuela from Hugo Chavez, but as far as I could tell, there had been no contaminants, I mean I haven’t heard of any shipments being stopped from Venezuela to the US. Chavez had talked about the US all he likes but the fact is we are the key market for Venezuela in crude and SITCO [phonetic] is owned by Padevasive, the Venezuela national oil companies, so I just cannot foresee any circumstance where Chavez is going to cut off the flow of oil to the US because it would cut off the flow of oil to his own refineries.

Date Recorded: 03/20/2008