ASSESSMENTS

Special Report: Venezuela's Control of the Armed Forces

May 3, 2010 | 13:07 GMT

STRATFOR

Summary

Controlling Venezuela requires controlling oil and the armed forces, and Venezuelan President Hugo Chavez has managed to do both for more than a decade. Challenges to this control have emerged, however, such as enormous debt at the state-owned oil company and dissatisfaction in the armed forces at the role of Cubans in the South American country's military. Still, Chavez's hold appears secure so long as the oil revenues keep flowing.

Though he faces challenges, Venezuelan President Hugo Chavez's hold on power remains secure thanks to his control of oil and the armed forces....

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