You can kind of hear it in the distance, the tolling bell for Chavez as his regime spirals into ever louder lunacy. But there is a real tolling bell that will get him, the bell of plunging oil prices. That bell is starting to ring so you can hear it. This week, oil prices fell below $52 a barrel. That’s not just bad news for Hugo Chavez, it’s the worst news there could be. Combined with declining production, falling oil prices will ensure that Chavez won’t be making the buku bucks he’s been making in oil earnings, something he’s currently using to buy alliances around the hemisphere, and to intimidate neighbors.

Fausta at Fausta’s blog has an excellent roundup of on the impact of falling oil prices on Hugo Chavez’s regime and the tolling sound that seems to be getting a little louder in the distance. For Hugo, the bell may soon be up. Read it here.