Venezuelan oil basket opens 2013 above USD 100
The Ministry of Petroleum and Mining reported that in the week of December 31, 2012 to January 4, 2013, the Venezuelan oil basket price ended at USD 100.56 a barrel.
"Optimism about the US tax deal and favorable signs from China's economy shored up oil prices during the first week of the year," the ministry said in a press release.
José Vicente Rangel clearly said: "We are not conducting negotiations threatened with a gun in the head." He warned behind closed doors in the midst of the social upheaval occurred during the oil strike in 2002 and 2003. Dissenting Timoteo Zambrano answered back that no other option was available: "The thing is that otherwise, you do not negotiate."