i wouldn't say that the oil they sell is us is cheap by any means, the market price is what dictates what they sell at.

the thing with venezuala's oil and the US is that 80's of their oil is sold to the US so as much as he bitches and moans about the US its all empty threats because for him to cut the supply means a HUGE cut in his earnings and thats what is keeping him so popular, the fact hes rakin in money and appears to give it back to the people

that same volume of oil is if i remember correctly less than 20% of the US's imported oil ... so you can see who that would harm more.