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Chavez Floats South America Gas Cartel

Law360 (March 2, 2007, 12:00 AM EST) -- In a move to weaken U.S. influence further, Venezuelan president Hugo Chavez has reportedly called on neighboring countries to join him in the creation of a South America natural gas cartel.

Addressing the nation on his weekly radio show “Hello President,” Chavez said he had been in discussions with Argentine President Nestor Kirchner about establishing a coalition of gas-producing countries.

“I proposed to Kirchner that idea…that we create an organization of natural gas producing and exporting countries from South America,” Chavez said late Thursday, according to...
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