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In Venezuela, oil and idealism won't mix forever

2013-03-09 17:26:00| Climate Ark Climate Change & Global Warming Newsfeed

Christian Science Monitor: On Tuesday, the government of Venezuela announced that President Hugo Chavez had died from cancer. Recently re-elected, Chavez had long used the country's vast reserves of oil for his "Bolivarian Socialist Revolution." His successor will face many challenges in continuing Venezuela's status as a major oil producer, largely due to the legacy of Chavez over the last decade. Venezuela ranks as the country with the number one, two, or three oil reserves in the world, depending on who's doing the counting,...

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