• 4 minutes England Running Out of Water?
  • 7 minutes Trump to Make Allies Pay More to Host US Bases
  • 10 minutes U.S. Shale Output may Start Dropping Next Year
  • 14 minutes Washington Eyes Crackdown On OPEC
  • 57 mins Dutch Populists Shock the EU with Election Victory
  • 8 hours One Last Warning For The U.S. Shale Patch
  • 3 hours 3 Pipes: EPIC 900K, CACTUS II 670K, GREY OAKS 800K
  • 3 hours Venezuela Says Russian Troops Land to Service Military Equipment
  • 5 hours U.S.-China Trade War Poses Biggest Risk To Global Stability
  • 1 hour Read: OPEC THREATENED TO KILL US SHALE
  • 18 hours Climate change's fingerprints are on U.S. Midwest floods
  • 1 day Oil Slips Further From 2019 Highs On Trade Worries
  • 1 day The Political Debacle: Brexit delayed
  • 5 hours European Parliament demands Nord-Stream-ii pipeline to be Stopped
  • 1 day Telsa Sales in Europe
  • 14 hours Modular Nuclear Reactors

Chavez Celebrates Another Comfortable Election Victory

Hugo Chavez, the president of Venezuela, has just celebrated another comfortable election victory which will cement his status as one of the dominant figures in modern Latin American history.

A record 80 percent of the population voted in the elections, helping Chavez’s claims of democratic rule, despite critics who claim he is an autocrat who bullies private corporations and silences political foes.

Tens of thousands of supporters hit the streets to celebrate Chavez’s victory over his opponent Henrique Capriles, which he achieved by 1.5 million votes.

From the balcony of the presidential palace he shouted to his supporters, “this has been the perfect battle, a democratic battle. Venezuela will continue along the path of democratic and Bolivarian socialism of the 21st century.”

Chavez was humble enough to concede the growing strength of his opposition, and declared to the people, “I promise you I'll be a better president. Today we start a new cycle of government, in which we must respond with greater efficacy and efficiency to the needs of our people.”

Witrh the elections won, the world will now wonder what Chavez will do next. Following his landslide victory in 2006, he nationalised telecommunications, electricity, and oil sectors. Some worry that he could now do the same with banking, food, and health industries.

Although any of these speculations can never be to certain because any recurrence of the cancer which has plagued him recently, could void any plans he makes. The Venezuelan constitution states that if any president steps down during the first four years of his six year term, then the elections must be held again, leaving room for Capriles or another politician to run for office.

By. James Burgess of Oilprice.com



Join the discussion | Back to homepage

Leave a comment
  • Hans Nieder on October 09 2012 said:
    Another fixed race ? President for life ?

    Will the people pay a dear price for this ascension ?

    Should the Peace Corps be replaced by the History Corps, for most of South America ?

    Could, BHO, be groomed to replace Hugo Chavez ?

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News