Oil rally helps Chavez’s re-election chances

Hugo Chavez

CARACAS (Reuters) – Hundred dollar oil, a brighter economic outlook and growing popularity after a tough couple of years are just a few reasons Venezuela’s President Hugo Chavez has to be cheerful as he plans a re-election bid.

Add to that list bickering among opposition parties and the bombing of Libya by Western nations, and the socialist stalwart has plenty to help counter popularity-sapping problems such as high inflation and shoddy public services.

Any number of factors could yet upset Chavez’s plan to do away with capitalism in South America’s biggest oil exporter, but for now