Chavez's Secret Election Weapon: Oil

October 03, 2012   |   October 2012 Bond Updates
Calling elections is normally a mug’s game, but the chances are Hugo Chavez will prevail in Venezuela when Presidential votes are cast on 7th October against Henrique Caprilles. He’ll do so for one very simple reason: high oil receipts. Chavez has just enough liquid gold left in the tank to buy another term, even if it means filling his boots from unexpected quarters. That’s not necessarily going to be good news for Venezuela, or indeed anyone with a vested interest in oil market stability.

View more at: http://www.forbes.com/sites/matthewhulbert/2012/10/02/chavezs-secret-election-weapon-oil/
 
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