President of Venezuela Hugo Chavez has died of cancer. There is all sorts of conflict over who will succeed him. The constitution says one thing but it is being disputed so we can look forward to some serious instability. This instability, real or perceived, will cause oil prices to rise because Venezuela is the fourth largest oil importer to the United States.
Everyone panic and fill up your gas tanks!
Filed under: Business, Energy, News, Oil, People, Politics | Tagged: Business, history, oil, Politics |
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