Long-term market impacts of Chávez return uncertain

After a tumultuous weekend in which he briefly lost control of the country, Venezuelan President Hugo Chávez is back in power. But while the political firestorm may appear to be abating, the long-term implications of the failed coup for industry remain unclear, according to Wall Street analysts, US government officials, and academics. "Although Chávez's return to power in Venezuela will have an immediate bullish influence on oil prices, the long-term effect remains much more uncertain," said Paul Cheng of Lehman Bros. Inc. "While Chávez would undoubtedly like to maintain his high-price oil policy, he may be forced to revisit the notion of increasing production som...

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