In an energy seminar in New York Undesecretary of State Larson explicitly stated the US position on Venezuela. Some excerpts:
Traditionally, we had considered Venezuela to be one of our most reliable oil partners, and we still very much want this to be the case. Venezuelan oil policy, until recently, has been built upon a reputation of reliability to international markets, which was of great mutual benefit. Through World Wars, politically inspired embargoes, and global dislocations, Venezuela found that its national interest was best advanced through maintaining a reputation of reliability.
Unfortunately, through a collective failure to come to consensus within the boundaries of their political system, it has been clearly demonstrated that Venezuela’s democratic institutions and its reputation in the United States as a reliable supplier appear no longer matters of primary importance to President Chavez, PDVSA or the political opposition. Venezuela’s turmoil has come at a difficult period for the world economy.
The United States will continue to work to help Venezuelans resolve their political differences. The key to reverse the severe economic and political decline in Venezuela is a renewed dedication to find a constitutional, democratic, peaceful and electoral solution to the crisis. Democracy and the rule of law are essential elements of a sound investment climate. We are disturbed by measures taken by President Chavez and the Government of Venezuela that can only be seen as polarizing the conflict and eroding Venezuela’s democratic institutions.
We hope that Venezuelans, both in the Government and those involved in the strike, will take the necessary additional steps to restore confidence, stability and rule of law.
The Devil's Excrement 
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