- After Iraq, it is oil rich Venezuela led by Hugo Chavez
that has become the center for confrontation between America and the Euro
Zone. Chavez is dead against America and Euro Zone needs him to keep the
oil balance - the power symbol in 2005. But this time the equation is a
little different. A new regional and super power coalition of India, China,
Russia and Brazil is making a huge difference. Russian President is in
the zone to pull Brazil in the coalition and influence on Chavez for mutual
support.
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- While the whole world is focused on America and the Euro
zone for the super power challenges, both these powers are looking small
when you combine the strength of the new coalition Putin is building with
India, China, Russia and Brazil. Add to that, Venezuelan oil that supplies
America a substantial crude oil, and now you have the actual scenario of
a confrontation.
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- Venezuelan President Hugo Chavez is leveraging his country's
oil resources to build new geopolitical relationships with key regional
powers like Russia, China, India and Brazil.
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- The Northern Andean region is where the new super coalition
is planning to influence the most. It is in the corridor of America and
rich with many natural resources. This is the region that America takes
it for granted.
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- For Russian, Chinese and other non-US. oil companies,
the Chavez government's oil-based foreign policy also will translate into
profitable investment opportunities in Venezuela in coming years. Brazil,
a member of the superpower coalition is a neighbor of Venezuela, And though
Brazil has special relations with America, it has far more interest in
Venezuela than any other countries. According to think tanks, it is not
Iran but Venezuela will be the next epicenter of confrontation for oil
supremacy. But this time both Euro zone and America will face a real formidable
super power coalition - the combined resources of India, China, Russia
and Brazil.
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- http://www.indiadaily.com/editorial/11-27b-04.asp
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