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DEC 02, 2013 - San Francisco Chronicle

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Venezuelan oil diplomacy curbed by economic crisis

CARACAS, Venezuela (AP) — The late President Hugo Chavez's dream of leveraging Venezuela's oil wealth to spread revolution across Latin America is crumbling under the weight of an economic crisis that is forcing his hand-picked successor to cut back on generous foreign aid. [...] in recent weeks, representatives of Brazil and Colombia have held meetings with their Venezuelan counterparts to collect overdue payment for food, manufactured goods and other imports. Global prices for crude are also lower as hydraulic fracturing technology boosts supplies in the U.S. at a time that Europe's ... Read More

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