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Chávez and the oil price. October 29, 2008 |permalink
"Some Venezuelans - the wannabe Yankees - are praying for a continued drop in oil prices." So said Venezuelan president Hugo Chávez recently, acknowledging his government's dependence on oil revenues. So could the falling cost of oil threaten Chávez's political future, and boost the prospects of his opponents? The BBC's Latin America Analyst, James Painter, has sifted the evidence.
Is Venezuela's oil boom set to bust?