President Hugo Chavez won another six-year term and the chance to deepen his self-styled revolution in Venezuela. His victory was welcomed by his South American neighbours and is good news for his allies which depend on cut price oil to maintain their economies. The president promises more policies to help the poor but will he be strong enough to hold on to power after his cancer operations.

THE RE-ELECTION of Hugo Chavez to a fourth term as President of Venezuela means the country’s state-run oil company PDVSA will continue to provide cut price oil to Venezuela’s left-wing allies.

Mr Chavez, 58, who has run his self-styled Bolivarian revolution for 1...

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Dr. Joseph S. Tulchin
There is no doubt that giving money away to the poor - the oil industry brings in more than 95 per cent of Venezuela’s hard currency revenue - has served him well in terms of political support. It also has served to reduce the incidence of poverty in the country
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