• 5 minutes Global Economy-Bad Days Are coming
  • 8 minutes IT IS FINISHED. OPEC Victorious
  • 14 minutes Venezuela continues to sink in misery
  • 17 minutes Could Tesla Buy GM?
  • 3 mins Paris Is Burning Over Climate Change Taxes -- Is America Next?
  • 7 hours OPEC Cuts Deep to Save Cartel
  • 8 mins Rage Without Proof: Maduro Accuses U.S. Official Of Plotting Venezuela Invasion
  • 12 mins How High Can Oil Prices Rise? (Part 2 of my previous thread)
  • 19 hours Price Decline in Chinese Solar Panels
  • 10 hours U.S. Senate Advances Resolution To End Military Support For Saudis In Yemen
  • 5 hours What will the future hold for nations dependent on high oil prices.
  • 3 hours Sleeping Hydrocarbon Giant
  • 8 hours And the War on LNG is Now On
  • 3 hours USGS Announces Largest Continuous Oil Assessment in Texas and New Mexico
  • 5 hours Air-to-Fuels Energy and Cost Calculation
  • 20 hours Rigs Down
Asian Oil Futures Point To Higher Crude Prices

Asian Oil Futures Point To Higher Crude Prices

Asian Crude and LNG futures…

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

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