Jun
10
2011
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In Case You Missed It… Articles Roundup Week of 6/10/11

In this week’s roundup…Venezuelan opposition leaders react to President Hugo Chávez’s successful bid in raising the national debt limit, more fallout from the U.S.-imposed sanctions on PDVSA, opposition candidates get momentum, and the housing crisis continues to be top of mind for Venezuelans.

 

Venezuelan lawmakers authorize $22.5B in new debt, Associated Press

President Hugo Chavez won approval from legislators Thursday to increase the amount of new debt Venezuela’s government can take on this year to more than $22.5 billion. In December, lawmakers had authorized the equivalent of $12 billion in new debt this year. But Chavez last week requested that the limit be raised about 86 percent. Opposition lawmakers criticized the change, expressing concerns about the government’s growing debt. They said the boost was unjustified at a time when the OPEC member is enjoying higher prices for its oil.

 

Venezuela’s foreign minister says relations with Washington are ‘frozen’ following sanctions , The Washington Post

Venezuela’s relations with the U.S. are frozen and President Hugo Chavez’s government sees no possibility of improving them after its state oil company was hit with sanctions by Washington, the country’s top diplomat said Sunday.

The US Has Lost Sight Of Its National Interest In Venezuela, Business Insider

According to the U.S. Energy Administration, two months ago the United States total crude oil imports averaged 9,033 thousand barrels per day (tbpd), with the top five exporting countries being Canada (2,666 tbpd), Mexico (1,319 tbpd), Saudi Arabia (1,107 tbpd), Venezuela (930 tbpd) and Nigeria (918 tbpd.) Notice anything odd about this list?

Chávez Foe Sees Imitation as Best Path, Bloomberg

Henrique Capriles Radonski, whose family members own Venezuela’s biggest movie theater chain, is emerging as President Hugo Chavez’s strongest rival in 2012 elections by copying his favorite ploy of lavishing public money on the poor.

Venezuela’s Chávez says OPEC need not pump more oil, Reuters Africa

Venezuela’s President Hugo Chavez on Tuesday said current demand for oil does not justify an OPEC production hike, adding the market was well-supplied. The oil exporters group meets on Wednesday and Gulf Arab members are pushing for an output increase of at least 1.4 million barrels per day.

 

FACTBOX-Housing among top worries for Venezuelans, Reuters

Venezuela’s housing shortage is a challenge for President Hugo Chavez, a major concern for millions in the South American OPEC member, and one of the issues that could shape next year’s election. With 29 million people, Venezuela is short of 2 million housing units.

 
May
13
2011
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In Case You Missed It… Articles Roundup Week of 5/13/11

In this week’s News Roundup…Hugo Chávez blazes the campaign trail amidst accusations of collaboration between his administration and Colombia’s main rebel terrorist group, FARC. Meanwhile, blackouts and electricity rationing continue to plague Venezuela’s industries and citizens.

 

Hugo Chávez on campaign trail – again, Financial Times
There may be another year and a half to go, but that hasn’t stopped Hugo Chávez from already starting his campaign for re-election. It is, after all, what he does best – he has won over a dozen elections since coming to power. Ironically, though, the fact that Chávez has spent so much of the past 12 years campaigning – and not enough time solving Venezuela’s problems – may explain why he feels he needs to spend so long this time persuading his people to re-elect him, given that the country’s doggedly persistent problems remain all too evident.

 

Factbox: Key facts about Colombia’s FARC guerrillas, Reuters
Colombian leftist guerrillas may have tried to assassinate rivals of Venezuela’s President Hugo Chavez and trained his supporters in urban warfare, an analysis of thousands of seized rebel documents shows. The Revolutionary Armed Forces of Colombia, known as FARC, is at its weakest in decades after the deaths of top commanders and a string of desertions prompted by government bounties and improved military intelligence and training. But the rebels remain a potent force in some areas, helped in part by their involvement in the lucrative drug trade and alliances with other armed groups.

Venezuela Asked Colombian Rebels to Kill Opposition Figures, Analysis Shows, The New York Times
Colombia’s main rebel group has an intricate history of collaboration with Venezuelan officials, who have asked it to provide urban guerrilla training to pro-government cells here and to assassinate political opponents of Hugo Chavez, according to a new analysis of the group’s internal communications.

 

Venezuela begins electricity rationing after blackouts, BBC
Venezuela is rationing electricity after blackouts affected nearly half the country earlier this week. A senior energy ministry said power would be cut off for three hours a day in 19 of the country’s 23 states. The authorities hope the move will help make the distribution system more stable. They say the blackouts were caused by failures in transmission lines. Critics blame the government for not investing enough in new electricity projects. Last year, Venezuela had to cope with rolling blackouts for months.

 
May
5
2011
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Could Chávez Face Defeat in 2012?

More presidential contenders came to the forefront this week to announce they are challenging Venezuelan President Hugo Chávez in the 2012 general elections. Among them is Miranda State Governor Henrique Capriles Rodonski. On Tuesday, Capriles announced his candidacy vowing to “be president of all Venezuelans, of all those with a dream, of all of those who believe that they can make progress.” In reaction to Capriles’ message of unity and inclusion, Chavistas wasted no time in launching a negative campaign against the popular governor.

Other opposition leaders include Zulia Governor Pablo Pérez, Caracas Mayor Antonio Ledezma and former Caracas Mayor Leopoldo López, whose candidacy is in limbo. López faces a Chavez-imposed ban based on alleged corruption. The opposition’s primary elections are scheduled for February 2012.

At stake in the 2012 presidential elections is the future of oil-rich Venezuela, which faces a weak economy headlined by inflation and – ironically – energy shortages, a questionable human rights record, and a flurry of international allegations of links to drug trafficking and terrorism.

Do any of the Venezuelan opposition candidates stand a chance? For Venezuela’s sake, we hope so!