Latin America Initiative | Commentary
Oil and Politics in Venezuela
February 4, 2014 | Francisco J. Monaldi
Table of Contents
Author(s)
Francisco J. Monaldi
Fellow in Latin American Energy Policy | Director, Latin America Energy ProgramOil is a central character in the story of Hugo Chávez, and more generally, in Venezuela's political history. Oil dependency has significant effects on the politics of a country, but those effects are highly contingent on at least two variables: 1) the level and trend of the price of oil, and 2) the institutional setting in place.
Read the full commentary, published by the University of Miami's Center for Hemispheric Policy on Jan. 29, 2014.