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VENEZUELA: No Energy Policy Changes with Chavez’s Death

VENEZUELA: No Energy Policy Changes with Chavez’s Death

Bottom line: The death of Venezuelan leader Hugo Chavez will not usher in any changes in energy policy, as acting president Nicolas Maduro—who has effectively been leading the administration for the past several months—will stay the course for survival. Changing energy policy at this juncture would endanger cash flow and be tantamount to political suicide.

Analysis: Chavez’s…

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