"Tu petróleo se lo lleva EEUU"In other words, Alan Garcia mocked Chavez in public for his fear of the US when this one is ALREADY taking most of Venezuelan oil in exchange of the dollars that finance Chavez ambitions. The attendance laughed, Chavez did not.
The US is already taking your oil
But the sarcasm goes even further: Garcia used the familiar "Tu", implying that Chavez is afraid of the US because he considers oil as his private property. The implication of coruse here is that people know that we are not discussing of a Venezuelan state policy or concern, but of a personal interest of Chavez.