[LINK] "Hugo Chávez, oil, and Venezuela"

[rfmcdonald]

Open Democracy's LJ feed pointed me to an interesting article, George Philip's "Hugo Chávez, oil, and Venezuela". In it, Philip argues that Chávez's political system is going to face a serious economic crunch, as the amount of oil-related income available to it becomes sharply reduced thanks to OPEC production cuts and commitments to subsidized domestic and foreign (e.g. Cuba) consumption.