Looks like Hugo Chavez might have to curtail his revolution of love and hoping and loving hope until he hopes there's still enough love to go around. Lower oil prices may make some of his more ambitious political moves unattainable. According to the Financial Times: "As oil prices continue their precipitous decline, the doomsayers in Venezuela are predicting trouble for Hugo Chávez, the president, whose political success owes much to a leap in income from oil exports - mostly to the US – in recent years." But of course, Chavez is trying to spin the situation, claiming that as long as oil remains in the $90 range the country should be fine. The problem with that is, it won't be fine. Look, those "focus groups," payments to "freedom fighters" and other signs of democracy are not going to pay for themselves. We're probably going to see a visible reduction in Chavez's presense in foreign affairs, and odds are if oil prices stay low long enough, the citizens will be done with him as well. –Stephen Payne, Editor, Oil and Gas Investor This Week; www.OilandGasInvestor.com; firstname.lastname@example.org
2023-12-08 - Scott Tinker, CEO of Tinker Energy Associates shares advice about the energy industry and how he sees the future of the industry, in this Hart Energy LIVE Exclusive.
2023-12-08 - Kinder Morgan’s expansion added an additional 550 MMcf/d of capacity on the Permian Highway Pipeline, which runs from the Waha Hub and terminates close to Katy, Texas, where it supplies terminals along the Gulf Coast.
2023-12-08 - Endeavor Energy Partners operations span 350,000 net acres in the Permian’s Midland Basin — considered of the most lucrative oil and gas region in the U.S.
2023-12-08 - A close look at the Appalachian midstream capacity picture shows some opportunities that producers can exploit now and in the future.
2023-12-08 - Here is a look at some of this week’s renewable energy news, including a continued growth streak for U.S. solar.