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Oddly, Russia will chair the Group of Eight this year, at a time when its president behaves like another authoritarian leader sitting on vast fossil fuel reserves—Venezuelan President Hugo Ch??vez. Furthering his “Bolivarian” revolution and profiting from his oily dollars, Ch??vez is buying military equipment from Spain and AK-47s (guess where from) for his growing “security forces.” As the Bush administration turns its eyes away from Latin America, Ch??vez buys influence in the region by aiding Caribbean economies...

Author: By Pierpaolo Barbieri | Title: From Russia With Cold | 1/9/2006 | See Source »

...turns out, few lessons were learned from the oil crises of the past, even when Western Europe reduced its dependency on oil. Instead, Europe turned its reliance to gas—largely from Russia. And today, exorbitant fossil fuel prices give unprecedented power to leaders like Putin and Ch??vez—leaders that, in many cases, started rightfully defending the interests of their nations after damaging laissez-faire regimes featuring rotten privatization programs. Yet, as the case of Ukraine showed last week, they often...

Author: By Pierpaolo Barbieri | Title: From Russia With Cold | 1/9/2006 | See Source »

...Mexico, as well as in coca producers like Peru and Ecuador. Leftists have toppled conservative governments in Uruguay and Honduras, and socialist Michelle Bachelet is favored to win Chile's presidential runoff on Jan. 15. To punctuate the situation, the radical left-wing President of oil-rich Venezuela, Hugo Ch??vez--the "new mayor of the Latin American street," says Larry Birns, director of the Washington-based Council on Hemispheric Affairs--is all but certain to be re-elected at year...

Author: /time Magazine | Title: Bolivia: To the Left, March! | 1/1/2006 | See Source »

...White House helped raise Ch??vez's profile when Washington was widely believed to have backed a failed coup in 2002 against the democratically elected revolutionary (a charge the Bush Administration denies). Since then, despite what critics call Ch??vez's penchant for authoritarian rule, his popularity has risen--not only in Latin America but also in some parts of U.S. cities like Boston and New York, where the Venezuelan government--owned company Citgo is providing low-income residents with cheap heating oil this winter. Ch??vez has surpassed his good friend Fidel Castro as the anti-U.S. idol...

Author: /time Magazine | Title: Bolivia: To the Left, March! | 1/1/2006 | See Source »

...million Gallons of heating oil Venezuelan President Hugo Ch??vez, a self-styled champion of the poor, has started selling at a steep discount to poor U.S. neighborhoods...

Author: /time Magazine | Title: Numbers: Dec. 19, 2005 | 12/11/2005 | See Source »

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