Transcript: Hugo Chavez Interview

The only country, the only administration with whom we don't have good relations on the face of the earth is the administration of Mr. Bush. That's the only example (inaudible). We are friends of the king of Spain. As we say in Venezuela, he is a good guy. The king of Malaysia (inaudible). The emir of Qatar is my brother.

I have friends throughout the entire world, kings, princes, presidents, prime ministers. Only with Washington is where the relationship doesn't work.

KOPPEL: Let me put it very simply.

(CROSSTALK/BREAK)

KOPPEL: If the United States doesn't invade Venezuela, can the people of the United States assume that Venezuela will continue supplying as much oil to the United States as it has in the past?

CHAVEZ (THROUGH TRANSLATOR):Of course.

Let me tell you something further.

If you give me a map, I'll show it to you very simply, very quickly. Most all the U.S. companies work in Venezuela -- ChevronTexaco, ExxonMobil (inaudible) Venezuela. And they are producing oil.

And let me tell you that I meet very frequently with the managers and the administrators, the leaders. Recently, the world director of Chevron came to announce to me that they want to invest more than $5 billion in (inaudible). They just won a gas license, ChevronTexaco. They are operating (inaudible) Shell, from England.

What's the name -- the Norwegian (inaudible), but especially the U.S. companies. They are developing plans to continue to invest in Venezuela in gas and oil.

Pay attention. In these days of Katrina, today or tomorrow, a Venezuelan ship with 300,000 barrels of gasoline should be arriving. It's the first of four or five additional ships that we have sent to help to palliate the (inaudible) and put the breaks on the (inaudible). That's what we're doing. (inaudible) You hit me on one cheek, and I'll try to respond by helping you. I don't care. We're not doing this for the administration. We're doing it for the people of the United States. So that's how I respond.

We have no plans to alter in any way the supply of oil to the United States.

Furthermore, I would say that Venezuela has the chief, most important oil reserves in the world. Do you know how much oil is left in the United States reserve? Barely 20 billion barrels, with 20 million barrels a day being consumed.

Venezuela has 300 billion barrels for the reserve. We have the second-most important reserve of gas in this continent of the United States or in the world.

Now we want to share that oil and that gas with the United States, but also with the Caribbean, but also with China and also with India and also with Argentina and Brazil.

Now we are (inaudible) in the Orinoco River. I hope you could visit the Orinoco and do a special program on oil, because what I must confirm is that we offer the United States every guarantee for oil supply for 150 (ph) years more, when both of us will be pushing up daisies.

KOPPEL: Mr. President, on that happy note, let me thank you. You've been most generous with your time and it's been a pleasure talking to you.

Thank you very much indeed.

CHAVEZ (THROUGH TRANSLATOR):Let me thank you.

I would like to greet you, and I hope you can come to Venezuela. Let me invite you and let us greet the entire people of the United States.

Tomorrow I'm going to take a walk through some of the neighborhoods of New York. We're going to a church to see Jesse Jackson (inaudible). And then I'm going to play a baseball game on the field with some Yankees (ph).

We love the people of the United States, and our desire is to have a world of brothers in peace. God grant that that be the case.

Thank you.

KOPPEL: Thank you, sir.

END

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