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

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.

From other sites
Comments (4)
  • petten
    , contributor
    Comments (121) | Send Message
    4 Jan 2013, 05:04 PM Reply Like
  • Rjjr38
    , contributor
    Comments (58) | Send Message
    Sell Feb Crude - Buy Dec Crude
    4 Jan 2013, 05:20 PM Reply Like
  • SoldHigh
    , contributor
    Comments (991) | Send Message
    Good riddance
    4 Jan 2013, 06:18 PM Reply Like
  • geologist
    , contributor
    Comments (604) | Send Message
    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 2013, 08:09 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs