Tag Archives: During Chavez

Chavez get-out-the-vote machine knocks on doors

It’s nearly midday Sunday and pro-government community leader Richard Escobar is marshaling get-out-the vote forces just outside a polling station in his piece of Petare, one of Latin America‘s biggest slums.,

“Noon at the red rendezvous point,” he repeats several times for emphasis to a man who will dispatch volunteers into steep hills jammed with brick homes to rouse laggards that they know will vote for Nicholas Maduro, the anointed political heir of Hugo Chavez, who died of cancer last month.

“We’re planning at midday to comb all the stairways in the sector and knock on doors to make sure they vote,” says Escobar. “Each person will go up a separate stairway.”

During Chavez‘s 14 years in power his supporters consolidated grass-roots power in Petare, where a half million of Venezuela‘s 29 million people reside, by divvying out cash for soup kitchens, senior centers, nurseries and other services.

They also built up a powerful machine staffed by several hundreds of thousands that compiles lists of government workers and recipients of government largesse and makes sure they get to the polls, even if they have to be driven there.

“If we don’t go up into the hills and persuade the poor to vote, we’re going lose,” says Escobar, who says he recognizes Maduro is just an imitation of Chavez but calls the alternative, opposition candidate Henrique Capriles, a murderer and a fascist.

Get-out-the-vote efforts are also strong in wealthy neighborhoods where Capriles is favored.

In Los Palos Grandes, an eastern Caracas district of shaded streets and pricey boutiques, groups of young people with megaphones paraded down sidewalks chanting, “You’ve got to vote. You’ve got to vote.”

From: http://feeds.foxnews.com/~r/foxnews/world/~3/Cs624PrN4Vg/

Chavez's body brought 'home' to military academy

Hugo Chavez has been carried back to the military academy where he started his army career, his flag-draped coffin lying in state in the echoing halls until Friday’s funeral.

As a band played the hymn from his first battalion, a long ribbon of tearful mourners numbering in the hundreds of thousands bid farewell to the larger-than-life leader Wednesday after a procession carried his casket through Caracas.

With the entire government, including anointed successor Nicolas Maduro, caught up in the seven-hour procession, there were few answers to the most pressing question facing the country — the timing of a presidential election that must be called within a month.

Generations of Venezuelans, many dressed in the red of Chavez’s socialist party, filled the capital’s streets to remember the man who dominated their country for 14 years before succumbing to cancer Tuesday afternoon.

Chavez’s coffin made its way through the crowds atop an open hearse on an eight-kilometer (five-mile) journey that wound through the city’s north and southeast, into many of the poorer neighborhoods where Chavez drew his political strength.

At the academy, Chavez’s family and close advisers, as well as the presidents of Argentina, Bolivia and Uruguay, attended a funeral Mass around the president’s glass-topped casket. The public then began filing past to peer at their longtime president, many of them coming closer to him than they had ever been while he was alive. Some placed their hand over their heart, others saluting or raising a fist in solidarity. The viewing lasted far into the night.

The head of Venezuela‘s presidential guard, Gen. Jose Ornella, told The Associated Press late Wednesday that Chavez died of a massive heart attack after great suffering.

“He couldn’t speak but he said it with his lips … ‘I don’t want to die. Please don’t let me die,’ because he loved his country, he sacrificed himself for his country,” said Ornella, who said he was with the socialist president at the moment of his death Tuesday.

Set against the outpouring of grief was near-total official silence on where Venezuela is heading next, including when the election will take place. Even the exact time and place of Chavez’s funeral Friday has not been announced, nor has it been revealed where he will be laid to rest.

During Chavez‘s nearly two-year …read more
Source: FULL ARTICLE at Fox World News

Why Venezuela and Big Oil Are Better Off Without Chavez

By Dan Dzombak, The Motley Fool

Filed under:

Hugo Chevez died from cancer last night after 14 years as President of Venezuela. In the short term, Chavez’s death means little for the oil markets, which shrugged off the news. The question now is will things get worse for Venezuela with more turmoil, or will things get better, allowing Venezuela to regain its status as a top five exporter of oil.

Chavez’s Rule
Chavez’s presidency was strongly influenced by the rising price of oil. In 1998, oil was selling for peanuts, leading to unrest in the country, because the Venezuelan economy depends heavily on oil. Chavez took power, and was lucky that the price of oil rose steadily.

Chavez was a socialist whose time in office was marked with subsidies to the poor, the nationalization of thousands of companies, currency controls, and price controls, all funded by the country’s growing revenue from selling oil. While these policies were popular with the poor, they inevitably led to shortages, 20+% inflation, currency devaluations, and a widespread black market.

Oil Production in Venezuela
Oil production remained in a steady range of 3 million to 3.6 million barrels of oil equivalent per day until 2002, when the workers of Venezuela‘s state-owned oil company PVDSA went on strike for two months. The country never fully recovered from the strike, and oil production declined steadily thereafter.

The production decline picked up speed in 2007, when Chavez nationalized the oil deposits of the country and demanded companies cede a 60% stake in all oil projects in Venezuela to state-owned oil company PDVSA.

Rather than cede control, ExxonMobil and ConocoPhillips walked away from their investments in Venezuela, and are seeking $40 billion in damages from the Venezuelan government. At the same time, Chevron , BP , Total , and Statoil agreed to the demands of the government. The nationalizations continued in 2009 with the government seizing control of some oil services companies, and refusing to pay others.

The Future
It remains to be seen what will happen with Venezuela. During Chavez‘s reign, oil production declined from 3.5 million barrels of oil equivalent to 2.5 million a day. At the same time, exports declined from 2.2 million barrels of oil a day to 1.6 million barrels of oil a day, bringing down the country’s revenue from oil, and taking the country from the fifth largest exporter of oil to the eighth largest exporter of oil. These declines stemmed from an underinvestment in the oil sector, as Chavez took money from it to support his socialist programs.

It’s remarkable and sad that, in a time of high commodity prices, Chavez’s reign ended with Venezuela worse off than when he first took over. If a pro-business regime comes into power, it will be a few years before the Venezuelan economy can turn itself around. Venezuela has massive oil assets that are currently underutilized and, with more investment in the oil industry, Venezuela could …read more
Source: FULL ARTICLE at DailyFinance