Future Outlook

| Venezuela's Economy | | Pre-Chavez Economy | Chavez Economy | Petroleum Industry |

---

• The future of Venezuela's Economy depends on many different aspects. Volatile leadership can hurt the economy by straining foriegn markets and isolating Venezuela's economy. Oil prices will also have a great effect on the economy. If the prices continue to increase, the Venezuelan economy will experience significant growth.
• Venezuelan President Hugo Chavez put forth a proposal in Caracas on Oct. 1 saying that OPEC's price band of $22 to $28 per barrel should be raised to between $25 and $32 a barrel

[[1]|Future GDP]]

File:VE Proven Crude Oil Reserves.png

History and Venezuela's BOOM! | Venezuela's Economy Today | Future Outlook