Venezuela was historically a reliable U.S. ally in Latin America, if always aspiring to more autonomy and a larger role in the region. During the 14 years of the Hugo Chavez government, of course, this changed, as Chavez developed an antagonistic relationship with Washington and sought to develop alternative regional relationships and leadership, all while maintaining robust commercial exchange with the U.S. These aspirations continue to guide Venezuela, but in the coming years Venezuela’s role will likely diminish because of regional shifts and significant domestic challenges.