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Chavez Tells OPEC to Use Politics, Curb `Imperialism' Daniel Williams and Maher Chmaytelli Venezuelan President Hugo Chavez brought his revolutionary zeal to the cartel that controls 40 percent of the world's oil, urging fellow members at a weekend summit to fight against ``imperialism'' and ``exploitation.'' Chavez used the Riyadh, Saudi Arabia, meeting of the Organization of Petroleum Exporting Countries to advance a struggle for the soul of the cartel. Countering him was the conference host, Saudi King Abdullah, who said the organization's goal was simply to produce prosperity. Their contrasting visions elbowed aside the usual OPEC talk about production quotas and currency fluctuations. In the short term at least, Abdullah's vision is likely to prevail, said Ihsan Bu-Hulaiga, who runs a private business consulting firm in Riyadh and advises the Saudi government.
(Article continues below) ``OPEC has to do with oil; it cannot solve the world's problems with a political agenda,'' he said. ``It would be putting its bread and butter at risk.'' Support for Chavez came from President Rafael Vicente Correa of Ecuador and from Iran's Mahmoud Ahmadinejad, whose nation is the target of a U.S.-led campaign of sanctions and pressure over allegations that it is pursuing nuclear weapons and destabilizing the region. Chavez, 53, and Correa, 44, stopped short of threatening an embargo in case of a U.S. attack on Iran. ``We don't want to speculate,'' Correa said in response to a question about whether a halt in oil sales to the U.S. should be employed in case of war.
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