Venezuelan President Hugo Chavez said last week that crude oil would rise to "$400 or $500" per barrel in the event of a U.S. attack on his country, the biggest petroleum exporter in the Americas.
The reactivation of the U.S. Fourth Fleet in the Caribbean on July 1, as well as what he said is a possible U.S. base on the Guajira Peninsula, which is shared by Venezuela and Colombia, are both considered to be threats, Chavez said in a speech broadcast last night from the military academy.
"If there's a war against Venezuela, with the oil in this soil, it won't depart from the Venezuelans, it won't go to anyone."
The country is buying light, fast tanks and training citizens to defend the country against possible threats, he said.
In July, Chavez plans to meet with President Dmitry Medvedev in Moscow to discuss more arms purchases, which may include long- and short-range anti-aircraft defense systems.
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Colombian troops intercepted in Venezuela
The Venezuelan government on Saturday accused 60 Colombian troops of illegally entering the Venezuelan territory and called "the incursion" a provocation by the Colombian government seeking to destabilize the region".
Venezuelan Foreign Minister Nicolas Maduro said the Colombian soldiers had been intercepted Friday in Venezuela's western Apure state, about 800 meters from the two countries' shared border.