One wonders if
Venezuela’s energy minister Nelson Martinez has packed extra underwear on his
new tour of Opec and non-Opec oil producers. The streets of Caracas are ablaze
with protests, and Opec’s traditional price hawk has become a crippled bird. It
is a rich irony that the accelerating downfall of Venezuela´s once-thriving oil
industry isn´t enough to realize the country´s ambitious oil price aspirations.
The Orinoco oil belt is still mostly an undeveloped wasteland, and grand
schemes for offshore gas have given way to gruesome images of spiraling
canisters of tear gas. More…
No comments:
Post a Comment