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The examination of the relationship between public opinion, political socialization, & regime stability in post-1950 Venezuela addresses four puzzles to argue that the policies of political socialization received by President Chavez have consolidate the negative images that most Venezuelans held of Punto Fijo democracy. The highly centralized power of the Punto Fijo regime reserved the exercise of power for party executives, the president, high-level bureaucrats, & congressional leaders. After 16 years of frustrating delays in implementing reforms, the regime unraveled due to the effects of changes in oil policy implemented in 1973-74. Analysis of key forces shaping the oil industry through 2020 are related to political views that identify attitude at the overwhelming majority of the time had come to gambling on voting for the candidate most hostile to the existing state of affairs. The legacy of the Punto Fijo democracy was a political socialization process that helped to fix democracy is a basic orientation to the Venezuelan people. This legacy was reflected in the revocatory referendum to recall President Chavez as evidence that democratic norms continue to orient political behavior as Venezuelans seek to craft new political institutions & process. Tables, Figures. J. Harwell