Venezuela: No fuel for export in 2008

3.8.07
eluniversal.com

"Venezuela is very likely to start importing gasoline temporarily within one year at most, unless technical flexibility allows the industry to replace production of other byproducts with production of gasoline, fuel price changes in the domestic market or domestic new car sales slow down," the bulletin concluded

http://english.eluniversal.com/2007/08/03/en_eco_art_no-fuel-for-export-i_03A910037.shtml

or in spanish
http://economia.eluniversal.com/2007/08/03/eco_art_proyectan-que-pdvsa_388841.shtml

and
http://www.crisisenergetica.org/article.php?story=20070803232333154&query=venezuela

Well that does not look that well. El comandante will have to reduce his politics to give oil away to his friends almost for free. This will mean less influence on the continent. It simply does not work to sell the precious commodity either for almost free or at favorable prices. El comandante will need money to keep himself and his friends in power.
Venezuela has and might still depend too much on the income from oil. This income stream possibly will slow down, although I do expect higher oil prices to come. Anyway the higher oil prices most probably will not balance the lower income due to lower exports/sales.
My understanding is that in the past oil prices or increase of gas prices has let to political turmoil. Let's hope that this will not happen