And, Venezuelan President Hugo Chavez said yesterday that the world is on the brink of an energy crisis because the demand for oil continues to grow, while OPEC production is already at its maximum. Chavez heads the world’s fifth largest crude oil exporter. He charged that the US has “built a way of life based on the wasteful consumption of oil, which is non-renewable.” Chavez’s remarks came at the end of the Latin American-Arab summit in Brazil.