Following an earlier post regarding oil and the Hugo Chavez effect, I further add to it what I believe to be credible 'rumours' that a coup against the Chavez government is likely within weeks.
Strangely enough, I believe the impact of this would be to stabilise world oil markets and prices even it the act is morally repugnant and the coup successful.
As for Nigeria as I postulated in my previous post of late last week, the facts are now evident. There too the riots have taken on a sinister and Anti American (read:Christian) flavour. It will effect oil price stability.
If the US backed Chavez coup succeeds, the large retail outlets owned by venezuela in the US and the five oil refineries will be back into full profitable production and the US will be the winner.
venezuela
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