Via The Economist, a look at Donald Trump’s expansive ambitions and limited plans: JUST HOURS after America captured Nicolás Maduro, Venezuela’s dictator, on January 3rd, President Donald Trump clarified his motivation. “The oil business in Venezuela has been a bust, a total bust for a long period of time,” he said. America would “spend billions of dollars, […]
Read more »Via the Wall Street Journal, commentary on President Trump’s desire to have U.S. oil companies return to Venezuela in a big way, but the petrostate’s turbulent history suggests formidable challenges ahead: “No one was paying any attention to Venezuelan oil two weeks ago,” a longtime oilman said to me the other day, “but now everyone […]
Read more »Via The Economist, an article on the challenges facing Venezuela’s oil sector: JUST HOURS after America captured Nicolás Maduro, Venezuela’s dictator, in a nighttime raid on January 3rd, President Donald Trump clarified his motivation. “The oil business in Venezuela has been a bust, a total bust for a long period of time,” he said. “We are […]
Read more »Via Phenomenal World, an article on transformations in Petróleos de Venezuela and geopolitical realignments: Petróleos de Venezuela (PDVSA) has been integral to Nicolás Maduro’s government and the greater Chavista project. Despite the state-owned oil company controlling the largest crude oil reserves in the world, its production capabilities have fallen sharply since 2014: the country went […]
Read more »Courtesy of The Economist, a look at Latin America’s oil production future, where Brazil and Guyana are preparing for a bonanza but declining demand threatens the rest of the region: In deep blue waters off the coast of Guyana, gargantuan ships are sucking oil from reservoirs three kilometres below the surface. These machines are transforming the […]
Read more »Courtesy of Geopolitical Futures, a report on how Caracas is taking advantage of a key opportunity to revive its energy sector: For years, the Venezuelan economy has been largely disconnected from Western markets. The war in Ukraine, however, initiated a sort of restructuring of the global energy market, sparking renewed interest in Venezuela’s potential as […]
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