Today, Fool.com energy editors Joel South and Talor Muckerman discuss a big election in Venezuela. The country is a huge player in the energy space due to its immense oil reserves. But on Oct. 7 it will announce the outcome from its elections.
Should Hugo Chavez, the longtime leader of Venezuela, lose to his opponent, the implications for energy investors are big. The challeger, Henrique Capriles, is as pro-oil as Chavez, but is expected to be far more friendly toward the major international integrated oil companies.
Taylor believes there are some obvious supermajor oil companies that could be expected to re-enter Venezuela if the election tips against Chavez.
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