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Chavez Dies, What This Means For U.S. Investors

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The death of Venezuelan leader Hugo Chavez is a significant event for millions of people around the world, including Americans.

The most obvious reason is oil, more specifically oil prices. With Venezuela being one of the top-five suppliers to America, any disruptions in supply will have a certain impact on oil prices.

Currently, Venezuela produces approximately 2.5 million barrels of oil per day (bopd), with one million barrels going to the U.S. His death could have a dramatic impact on oil prices, as well as long-term investing possibilities. (Source: Johnson, K., "After Chavez, a Question of His Country's Oil," Wall Street Journal, March 5, 2013.)

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