Venezuelan President Hugo Chavez has told a huge rally of supporters in Caracas that he wants to buy more weapons to defend his country from US invasion.
Mr Chavez also likened US President George W Bush to the German Nazi leader, Adolf Hitler.
Diplomatic relations between Venezuela and the US have been strained, but they worsened earlier this week when both countries expelled one another's diplomats after Caracas accused the US embassy of spying.
The Venezuelan government has repeatedly accused Washington of trying to destabilise President Chavez - an allegation rejected by US officials.
Mr Chavez said Washington was considering invading Venezuela.
Turning to oil, the president said if the Bush administration wished to cut diplomatic ties to Venezuela, he would have no second thoughts about closing all the Venezuelan refineries in the US.
"Let's see what'll happen to the price of crude oil then," Mr Chavez told his audience.
"The imperialist, genocidal, fascist attitude of the US president has no limits. I think Hitler would be like a suckling baby next to George W Bush."
Washington is deeply opposed to the government of left-wing Mr Chavez, who is a vocal critic of the US.
The US has expressed concerns about Venezuelan democracy under Mr Chavez and about the effect of his government's military purchases on regional stability.
But the US has not said it will break off relations with Venezuela, and political analysts say Washington has dismissed threats by Mr Chavez as inflammatory rhetoric aimed at his core supporters.
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