You catch more flies with Obama than with vinegar.
US-Venezuela tensions always seemed a lot more smoke than fire to me. Chavez may want to become a dictator, but he's not one at present, and on the whole he hasn't done anything as horrible as any number of villains we backed during our long and brutal history in Latin America. His real beef, as I understand it, is just that America has always opposed him, and that we weren't very nice to Venezuela when oil was cheap in the 1990s and they were hurting. Right now, it's relatively cheap again, and that plus a president who cares about good international relations is making Chavez talk sense. If he's open to a deal where we send them some foreign aid or something in exchange for long-term oil price security, I'd be for it.
Let's hope Obama seizes this opportunity.