Friday, August 12, 2011

What Future For Venezuela/Oil?


Because anything that comes to pass will be just as much about the 710 as it will be about South America's political direction. Not for a minute though, am I putting Hugo prematurely in his box, heaven forbid.

Will US Take Advantage of Chavez's Serious Cancer and Possible Demise to Try to Derail Leftist Tilt in South America?


With a big question mark hanging over the health of Venezuelan president Hugo Chávez, many in Washington may see opportunity. Though Chávez initially claimed that he was merely suffering from a "pelvic abscess," the firebrand leader subsequently conceded that he had cancer. In a shock to the nation, Chávez announced that he had a tumor removed during a sojourn in Cuba, and that he would "continue battling."

Reporting over the past several weeks suggests that Chávez might be in worse shape than has been commonly let on. Though he returned to Venezuela after his operation in Cuba, Chávez recently announced that he would pay yet another visit to Cuba in order to undergo chemotherapy. The firebrand leader, however, still refuses to reveal what kind of cancer he has or its severity. Ominously, one medical source reported to Reuters that Chávez's cancer had spread to the rest of his body and was in an advanced stage.
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It's unclear how the president's shaky health might factor in the nation's upcoming 2012 election. The populist leader, who has closely identified himself with the so-called "Bolivarian Revolution," has never shown much interest in grooming a successor within his own United Socialist Party of Venezuela or PSUV, and so if Chávez should falter it is easy to imagine a scenario in which much of his political project could unravel or be derailed by the right. more

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