Venezuela: Oil Industry in Crisis as Rig Count Plummets

Recently, it has become abundantly clear that the number of drills operating in Venezuela has dropped to levels of a country without oil reserves. Our oil industry was once the envy of the region; now it’s the tragedy of the region Chinese investment will not save us…thus far the Chinese have made only meager and insufficient investments that will not change the fundamental reality of our precipitous decline in production. More…