Venezuela lost its bid for a seat in the U.N. Security Council and the candidates that Hugo Chavez lobbied for, in both Mexico and Peru, lost their elections in favor of more pro U.S., democratic leaders. He must be fuming, considering many of the governments who outwardly claimed they would support his U.N. seat obviously voted against him (by secret ballot) when the time came. It looks like major cosmic retribution for all his bluster and anti-U.S. rhetoric.
Venezuela might be oil-rich, but I know which country I would want as an ally, if I happened to be a foreign country.
He also talks about U.S. hegemony, he needs to take a good look in the mirror.