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The US and Colombia want to restore democracy in Venezuela

Thursday, June 22, 2017

Is Alberta the next Venezuela?


Venezuela has dropped its oil production by half.  But this isn’t a win for green technology or environmentalism. It’s a failing of state socialism. After decades of a nationalized oil industry, the country with the world's largest oil reserves is going to be importing one-third of its daily domestic oil usage... Venezuela has spent decades scaring off foreign investment and jobs in their oilpatch through repeated asset seizures and court battles. This is has spurred a marked decline in all private sector employment- only about 27% of Venezuelans have a private sector job. More…

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