Chavez, That Man

chavez

Yesterday I was having a couple of beers with Alejandro, one of my Master in International Business students, from Venezuela. He was explaining me that there was a reason for what President Hugo Chavez was behaving as he usually does, trying to increase the tension and making insane statements almost every week.

Having worked in the Central Bank in Caracas, Alejandro pointed out the big dependency of the Venezuela economy on oil prices. Since the evolution of prices was by far downperforming the worst case analysis and the prices are directly proportional to tension, each time President Chavez opens his mouth, prices go up (even being outside the Middle East spiral) and that is good for Venezuela.

So there can be an strategy behind bullshit after all… :-)