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Analysis: Oil and Gas

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.

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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.

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The Truth about Halliburton in Venezuela

(archive)

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.

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Halliburton in Venezuela: Smells like Sulfur

halliburton

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.

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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.

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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.

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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. 

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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.

 

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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.

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The 2002 Oil Lockout: 10 Years Later

Venezuela this week marked ten years since the opposition’s two-month sabotage of Venezuela’s oil industry and economy in an

Building nearly a million homes, strengthening the national healthcare system, and creating productive sources of new employment are just a few of the things the national government could have done with the $20 billion dollars lost during the oil lockout launched by the Venezuelan opposition on December 2, 2002.

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Developing Socialist Production, Meeting the Needs of the Population

Making gas containers at the plant (RCG)

The PDVSA Gas Communal 'Ambrosio Plaza' plant in Las Guarenas, Miranda State, produces over 1,000 gas cylinders each day, contributing to guaranteeing the supply of subsidised gas for domestic use to the Venezuelan population. 90% of families use this gas for cooking and for their household needs.

 

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Socialist Transformation in an Oil-Dependent Economy: a Venezuelan Perspective

Pablo Gimenez (RCG)

Pablo Gimenez is a Professor of political economy at the Bolivarian University of Venezuela (UBV) in Caracas. He spoke about the challenges posed by Venezuela’s oil-dependent economy and about the difficulties involved in trying to forge a new way of teaching political economy in the context of the Bolivarian Revolution.

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The Sabotage Theory of the Explosion in Venezuela’s Amuay Refinery

Smoke coming from Amuay refinery last weekend after the explosion (marthacolmenares.com)

Here, Venezuelanalysis.com translates an article from the Venezuelan News Agency (AVN) examining the circumstances before and after the tragedy that have been fuelling speculation over possible sabotage at the Amuay refinery.

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Venezuelan Opposition Jumps on National Tragedy

The fires resulting from the gas explosion at the Amuay refinery last Saturday have now been extinguished (informecifras.com).

In the aftermath of this weekend’s tragic oil refinery explosion, the Venezuelan opposition and its allies in the private media issued a series of baseless claims aimed at fomenting fears and winning over voters.

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Venezuela Stands with Argentina in Struggle for Energy Sovereignty

Argentine President Cristina Fernandez de Kirchner

Venezuela was the first to express its full “support and solidarity” for Argentina as President Cristina Fernandez de Kirchner decided to assert greater control over the country’s natural energy resources.

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