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Oil prices leave Venezuela?s Chávez vulnerable (Financial Times) | | As oil prices continue their precipitous decline, the doomsayers in Venezuela are predicting trouble for Hugo Chávez, the president, whose political success owes much to a leap in income from oil exports - mostly to the US ? in recent years. | Venezuela - Chávez vulnerable (Financial Times) | | As oil prices continue their precipitous decline, the doomsayers in Venezuela are predicting trouble for Hugo Chávez, the president, whose political success owes much to a leap in income from oil exports in recent years. | Lower Oil Prices Hurt Venezuela's Budget (NPR) | | Venezuelan President Hugo Chavez depends on oil for half the government's revenue and almost all of its export earnings. As oil prices rose to historic highs, Venezuela's spending increased accordingly. A continued drop in oil revenue could put a major pinch on Chavez's ambitious social programs. |
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