Role reversal looming for Venezuela, Russia

A year from now, will oil markets be buzzing about investment prospects brightening in Venezuela but worsening in Russia?And will that turnabout in popular perception represent another contribution to the tightening global oil supply-demand balance?Venezuela: improving oil investment?The situation in Venezuela remains fluid in the run-up to the Aug. 15 referendum on the recall of President Hugo Chávez. Polls in Venezuela show, alternatively, depending on the poll, victory or narrow defeat for the anti-Chavistas. But, as New York-based Merrill Lynch analyst Pablo Goldberg noted in a recent research note, the trend of late has been definitely in Chávez's favor. And the opposit...

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