Commentary: Chavez's choices in a low oil price environment

- Trinidad, Tobago / Caribbean - Posted: 15th Dec, 2008 - 10:05pm

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Caribbean Issues - Regional commentaries
Post Date: 15th Dec, 2008 - 10:05pm / Post ID: #

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Commentary: Chavez's choices in a low oil price environment

Commentary: Chavez's choices in a low oil price environment
Caribbean Issues Issues Affecting The Caribbean

Venezuela's anti-American leader, Hugo Chavez, benefited enormously from the rise in oil prices to over $140 per barrel earlier this year. Despite falling Venezuelan oil production, rising oil prices enabled him to spend lavishly on various projects, including domestic social spending, subsidized oil for Cuba.
Source: Caribbean Net News Daily Headlines: COMMENTARY

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