Chavez died but it is not certain that his death may bring Venezuela back to its once status of the largest oil producer as well as its credibility as a "democratic" country. The article recommends Venezuela to take immediate actions in restoring their credibility in the eyes of investors. It starts with privatizing the oil industry again by inviting the once ousted ConocoPhilips. Despite that attempt, it may take much longer time when the political apparatus Chavez set up seems entrenched. In the long term, government-run petroleum company PDVSA should be broken down and no longer serve as the piggy bank for the government to spend on experiment as it used to be under Chavez regime. It's essential to have room for foreign investors to come back and better use the resources.
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