The oil supply to the US from Venezuela has been cut once in recent years. The reason for this cut was the bosses’ lockout at Petroleos de Venezuela (PDVSA) that took place at the end of 2002 and the beginning of 2003. Now the recent trip of President Chavez to China has made top ranking members of the US administration uneasy.

The dispute between Venezuela and Colombia over the kidnapping of a FARC leader in Caracas continues and threatens to involve other Latin American countries. It is becoming increasingly clear that this incident is part of a renewed offensive by Washington against Venezuela’s Bolivarian Revolution.

Dramatic events are unfolding in Venezuela. Although the nationalisation of Venepal in itself it does not yet mean a qualitative change in the class nature of the Venezuelan Revolution, this bold measure certainly signifies a step in the right direction. It indicates that the working class is intervening in the Revolution with increasing determination, pressing for its independent class interests, demanding a break with capitalism and pushing the Revolution forwards.

“I am convinced that the path to a new, better and possible world is not capitalism, the path is socialism”. With this clear statement on his weekly TV programme “Alo Presidente,” Chavez reaffirmed his point of view that socialism is the only way forward to solve the problems of inequality, misery and poverty that millions face in Venezuela and the world today.