• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 12 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 7 days The United States produced more crude oil than any nation, at any time.
  • 3 hours Could Someone Give Me Insights on the Future of Renewable Energy?
  • 2 hours How Far Have We Really Gotten With Alternative Energy
Could The U.S. Become Lithium Independent?

Could The U.S. Become Lithium Independent?

Despite having some of the…

Standard Chartered Says Peak Oil Demand Is Not Imminent

Standard Chartered Says Peak Oil Demand Is Not Imminent

Standard Chartered has predicted global…

Does Hugo Chavez’s Return to Venezuela Herald the End of his Reign?

Venezuelan President Hugo Chavez disappeared from the public eye back in early December when he travelled to Cuba for an operation regarding the cancer that riddles his body. Last week he posted some photos and today a few messages on Twitter to announce that he has finally returned to his country where he will remain in a military hospital and receive further treatment.

He wrote, “we have returned to the Venezuelan fatherland. Thank you my God, thank you my beloved people.”

Government officials have confirmed that he arrived in Caracas at 2.30am local time, and was immediately admitted to hospital.

Related article: US Citizens are Paying for Venezuelan Socialism with High Pump Prices

Margarita Lopez Maya, a historian at Central University in Caracas told Bloomberg that, “it’s possible this return will be the beginning of a transition process. From the photos it’s clear that he isn’t in a condition to govern.” This has led to speculation that he will soon step down and hand power over to his Vice President Nicolas Maduro.

Due to his prolonged time spent in Cuba Chavez missed the scheduled swearing-in ceremony in January. It is likely that he will now take the oath in private and then begin the process of handing power over to Maduro.

David Smilde, a sociologist at the University of Georgia and an expert on Chavez’s life, told Bloomberg in a telephone interview that, “it’s hard to know what’s next. Chavez supporters may think it’s a new stage in his recovery while the other side may think that Chavez has come back for his last weeks.”

By. Charles Kennedy of Oilprice.com



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News