Venezuela’s Maduro Pleads for Foreign Capital, Biden Deal in Caracas Interview
June 22nd, 2021
Via Bloomberg, a report on a recent interview with Venezuelan President Nicolas Maduro: Seated on a gilded Louis XVI chair in his office at Miraflores, a sprawling, neo-Baroque palace in northwest Caracas, Venezuelan President Nicolas Maduro projects unflappable confidence. The country, he says in an 85-minute interview with Bloomberg Television, has broken free of “irrational, […]
Read more »Venezuela’s New Oil Minister
May 4th, 2020
Via Ozy, commentary on Venezuela’s new Oil Minister: By selecting Tareck El-Aissami as his new oil minister, Venezuelan President Nicolás Maduro has given the enormous task of fixing the country’s most important industry to a man who has little expertise in the sector — and who is wanted in the U.S. on drug trafficking charges. […]
Read more »Venezuela’s Socialists Embrace Business
February 26th, 2020
Courtesy of The New York Times, a look at how, after decades of socialist-style control devastated the economy, capitalism is back in Venezuela, helping keep the country afloat — and Nicolás Maduro in power: As Venezuela tumbled deeper into economic crisis in 2017 and its people searched for a way out, one name kept coming up: […]
Read more »The Collapse Of Venezuela And Its Oil Industry
June 12th, 2019
Via Forbes, an article on the destruction of PDVSA, Venezuela’s national oil company: How could Venezuela, the country with the largest oil resources in the planet — which received the largest commodity windfall in Latin America’s history and had the highest income per-capita in the region — end up with the worst economic depression, hyperinflation, […]
Read more »Venezuela: Striking It Poor
August 2nd, 2018
Courtesy of Foreign Policy, a sobering look at the tragic — and totally avoidable — self-destruction of one of the world’s richest oil economies: In the spring of 1959, at a secretive meeting at a yacht club in Cairo, Venezuela’s then-minister of mines and hydrocarbons, Juan Pablo Pérez Alfonso, hatched a plan to give big […]
Read more »PDVSA Is Collapsing
May 5th, 2018
Via The Financial Tribune, an article on the dire condition of Venezuela’s PDVSA: The man who ran Venezuela’s state oil company PDVSA for a decade after 2004 says the country’s oil firm is on the cusp of total collapse and expects oil production to drop by 600,000 barrels per day each year amid lack of […]
Read more »Focusing primarily on The New Seven Sisters - the largely state owned petroleum companies from the emerging world that have become key players in the oil & gas industry as identified by Carola Hoyos, Chief Energy Correspondent for The Financial Times - but spanning other nascent opportunities around the globe that may hold potential in the years ahead, Wildcats & Black Sheep is a place for the adventurous to contemplate & evaluate the emerging markets of tomorrow.