Oil is the Devil's Excrement

Juan Pablo Pérez Alfonzo was a prominent Venezuelan politician who served two terms in office with the Centrist Betancourt Administration (1947-48 & 1959-64). As Minister for Energy he was drawn into conflict with the U.S. under Eisenhower who had negatively affected quotas on Venezuelan oil by favouring new trade agreements with Canada and Mexico. Alfonzo’s response was to form an alliance with oil producing Arab nations in an attempt to regulate the global oil market.

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