Shorter Chavez

What Chavez is saying here (when he threatens to stop selling oil to the U.S.) is: “Hey, everyone! I don't understand what fungible means!“ (Okay, I borrowed that from a Dilbert cartoon.)

By the way, in contrast to what MonkeyMuffins thinks (and I use the term loosely), oil can “be freely exchangeable or replaceable, in whole or in part, for another of like nature or kind.” There are free-market substitutes for oil such as hydrogen produced by nuclear energy. The most important reason not to use hydrogen produced by nuclear energy is that there are better alternatives, which means there is still no crisis.