Seeking Alpha
Seeking Alpha Portfolio App for iPad
Finance
(1)
Market Currents

If Hugo Chavez dies, oil markets could rally in the short-term "given the instability it would...

  • Friday, January 4, 4:49 PM ET
    If Hugo Chavez dies, oil markets could rally in the short-term "given the instability it would cause, especially as Venezuela is a key oil exporter,” but the long-term move would be slight since the country's oil industry has deteriorated under Chavez, Schneider Electric's Matt Smith says. Venezuela produces ~2.2M bbl/day of crude vs. ~3.5M when Chavez took over in 1999.
Track new comments on this story

This news story has 4 comments:

  •  
    Amen.
    4 Jan, 05:04 PM Reply Like
  •  
    Sell Feb Crude - Buy Dec Crude
    4 Jan, 05:20 PM Reply Like
  •  
    Good riddance
    4 Jan, 06:18 PM Reply Like
  •  
    I agree, as soon as this self serving dictator, semi proponent of the poor as BHO is, the better the world and the country of Ven. will be, baring any radical take over of the Ven. government.

    Right now the world is awash in excess oil in storage and being produced .... Ven. is not that important. Their production can and will be replaced while their government is stabilized.

    Good riddance --- I agree. Chavez has tortured his country while remaining the hero of the poor in his country while he screws them in the long term. There are very smart talented professionals in Ven., and hopefully they will take over and provide for their country. Regards
    4 Jan, 08:09 PM Reply Like
LATEST|
TODAY SO FAR|
YESTERDAY
Other date
DJIA (DIA) S&P 500 (SPY)
Latest Energy & Materials Articles
More Latest Articles »