The campaign to find Venezuela’s next president is not just a contrast between the personalities of youth, energy and the new face of Henrique Capriles versus the ever-present survivor fighting ill-health, President Hugo Chavez. In the second of our two-part series on the run-up to October’s election GIS examines the importance of Venezuela’s oil to its domestic and foreign politics in this campaign.

THE HEALTH of President Hugo Chavez is crucial to the future of Venezuela and for up to 40 countries which receive cut-price oil and financial backing from Venezuela’s left-leaning government.

Many countries – particularly the eight in the Bolivarian Alli...

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Dr. Joseph S. Tulchin
The loss in government revenue through subsiding oil exports to certain countries has made it increasingly difficult over the past two or three years for President Chavez’ government to finance social welfare programmes at home
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