Skip to Navigation

Analysis: Oil and Gas

Overwhelmed NSA Surprised to Discover its own Surveillance "Goldmine" on Venezuela's Oil Executives


This newest revelation of NSA spying, reported as part of The Intercept’s partnership with teleSUR, comes just weeks after the Wall Street Journal reported that the U.S. government has launched “a series of wide-ranging investigations” into alleged corruption at Petróleos de Venezuela, or PDVSA.

» read more

NSA Taps into Venezuela's State Oil Company with Help from US Embassy, Snowden Leak Reveals

(TeleSUR English)

U.S. intelligence agents posing as diplomats in Caracas helped an NSA analyst try to crack open PDVSA’s computer network.

» read more

The Secret Agenda Behind the Venezuela-Guyana Conflict

Guyana has approved drilling by Exxon Mobil in the disputed Esquibo region. (Reuters)

Eva Gollinger traces the neocolonial roots of the current Esquibo border dispute, arguing that the US and Exxon Mobil are backing Guyanese annexation of the contested territory in a bid to weaken Venezuela and shore up US influence in the Caribbean.

» read more

US Targets Venezuela Using Border Dispute as Pretext

Map indicating disputed area. (teleSUR)

Draitser argues that Venezuela and Guyana’s despute over the Essequibo region is a new front in the destabilization of Venezuela

» read more

Raising the Price of Gasoline: An Inflationary Measure for No One’s Benefit

It is estimated that 100,000 barrels of oil and gasoline are smuggled out of Venezuela daily (Credit teleSur)

Deivi Peña argues that increasing the price of gasoline will give the Venezuelan oligarchy an excuse to intenify the economic war by setting off a further spiral of inflation that will harm working class people. 

» read more

Venezuela in Financial Difficulty; will PetroCaribe Survive?

Graphic art depicting the sunrise over the Caribbean, with the Bolivarian Alliance for the Peoples of Our America (ALBA) as the

Guyanese- Antiguan scholar Sir Ronald Sanders examines the vulnerabilities of Venezuela-backed alliance Petrocaribe in the face of last week’s OPEC summit and a perceived oil glut on the horizon. Petrocaribe has provided singular economic support for over a dozen Caribbean nation’s economies, including hundreds of millions of dollars in developmental funds.

» read more

The Limits of Changes – Venezuela: Terminal Crisis of the Rentier Petro-State?

Caracas, Venezuela (archive)

Venezuelan author Edgardo Landar reviews recent and long term developments in the country’s politics and economy, and argues that the Bolivarian project must move beyond the “petro-state” in order to make further progress toward its transformative goals.

» read more

Venezuelan Voices, Part II: An Inflammatory Question

A PDVSA [state] truck transporting gasoline in Caracas (AVN)

As Venezuelan president Nicolas Maduro combats corruption, reassigns half of ministry positions, launches “a new stage of the revolution,” and even hints at a minimum wage increase for November, the question remains what economic steps will be taken to reverse the high inflation that critics are quick to associate with his leadership.

» read more

The Truth about Halliburton in Venezuela


Franco Vielma, a Venezuelan radio talk show host and development worker with a public company, responds to the accusation that the Venezuelan government has signed a “pact” with Halliburton and that the U.S. oil company is now “coming” to operate in the country. He explains that Halliburton has operated in Venezuela for many decades, and agreements in recent years have actually reduced the scope of company’s operations in Venezuela’s oil industry.

» read more

Halliburton in Venezuela: Smells like Sulfur


Venezuelan writer and analyst Clodovaldo Hernandez discusses the rumored deal struck up between Venezuela’s national petroleum industry, PDVSA, and U.S. based multinational corporation Halliburton.

» read more

Venezuela Protests are Sign that US Wants our Oil, Says Nicolás Maduro [Interview, video]

Nicolas Maduro

In an exclusive interview with the Guardian, Venezuela's president claims the Obama administration is fomenting unrest with the aim of provoking a Ukraine-style 'slow-motion' coup.

» read more

Natural Resources as the Dynamic Axis of UNASUR strategy

oil field in Venezuela's Orinoco region

Alí Rodriguez Araque, general secretary of the Union of South American Nations (UNASUR) details the core values of the UNASUR trade bloc, noting the paradox between the extensive reserves of valuable natural resources and the 130 million living in poverty throughout represented nations. Last week UNSAUR sent a delegation to discuss recent conflict and possible resolution in petroleum-rich Venezuela- this statement provides a basis of understanding for UNSAUR's position on Venezuela and their rejection of possible U.S. sanctions.

» read more

Extraction-ism, Movements, and Revolution

Some days ago a meeting was held in Caracas to debate the relationships between movements and states, and how autonomy and popular power can build alternatives to development that is dependent on the extraction [of oil and minerals] model. 

» read more

Venezuela: War for oil fuels economic crisis

Workers' Mercal, a program for subsidised food that will benefit 23,000 workers in 32 public institutions, was launched thr

With Venezuela’s inflation rate for May soaring to 6.1%, first quarter growth stagnating at 0.7%, and shortages afflicting a number of basic goods, speculation has been rife regarding the country’s economic future.


» read more

The Achievements of Hugo Chavez: An Update on the Social Determinants of Health in Venezuela

AFP/File, Rodrigo Arangua

One of the main factors for the popularity of the Chávez Government and its landslide victory in October 2012 is the reduction of poverty, made possible because the government took back control of the national petroleum company PDVSA, and has used the abundant oil revenues to build needed infrastructure and invest in the social services that Venezuelans so sorely needed.

» read more

Syndicate content