A Long-Term United States’ Energy Policy Without Venezuelan Oil

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The current energy, economic, and political relationship between the United States and Venezuela can be characterized as mutually dependent. The United States is Venezuela’s largest consumer of crude oil and associated refined products, accounting for 60% of Venezuelan oil exports while Venezuela provides 10 percent of the United States imported oil. The U.S. has become increasingly concerned with Venezuelan President Hugo Chavez’s nationalization of the oil sector and anti-U.S. rhetoric.