http://www.guardian.co.uk/world/2010/mar/11/venezuela-energy-crisis-chavezVenezuelan energy crisis threatens the Chávez revolution
President's popularity plunges ahead of elections as drought leads to blackouts and electricity rationing
An energy crisis has battered Venezuela's economy and President Hugo Chávez's popularity, prompting severe rationing to avert nationwide blackouts and paralysis....
...Businesses have reported a collapse in sales and employment, which is expected to aggravate a recession already the deepest in South America, and compound the president's woes ahead of legislative elections.
Blackouts and rationing have become increasingly frequent since December, prompting an estimated 25% fall in economic activity, according to business leaders. "We feel as if the country is shutting down bit by bit," said Damiano Del Vescovo, head of the chamber of commerce in Valencia.
Chávez has told big businesses and government offices to cut energy consumption by 20% and warned of tougher measures to come. "I apologise to all the people who are suffering electricity rationing. But I've said it since the start of the year, we have to do it. It's like being put on a diet, in this case an electricity diet," he said this week...
A recent opinion poll found 62% thought the country's situation was negative and 54% had little or no confidence in Chávez. Almost 60% disapproved of the government's handling of the crisis. Critics say the drought would not have been so damaging had there been more investment in power plants.
The socialist president has said his Bolivarian revolution – named after liberation hero Simón Bolívar – will falter if he loses legislative elections in September.
"The squalid ones are hoping it won't rain," Chávez said, using his usual term for the opposition. "But it's going to rain, you'll see, because God is a 'Bolivarian'. God cannot be squalid. Nature is with us."
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