‘Egypt effect’ will help Venezuelan president – but not much

After two years of gradually losing popular support at home and political influence abroad, Venezuelan President Hugo Chávez could be one of the big winners of a major rise in world oil prices triggered by the Egyptian uprising.

But will oil prices rise enough to give Chávez’s 12-year-old regime a second wind, and allow him to win the 2012 elections? Will he be able to resume his checkbook diplomacy in Latin America?

Venezuela’s narcissist leader – if you think this depiction is unfair, consider that in his Jan 15 speech to Congress he used the word