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
Between 2005 and 2011 the Chavez government gave away US$82 billion in grants and subsidies to 40 countries as Mr Chavez sought to expand his political influence and ideology
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