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Analysis: Oil and Gas

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 (

Here, 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 (

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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ALBA Expands its Allies in the Caribbean

A look at the recent regional shift towards ALBA, and organisation which the author feels has become a more dynamic alternative to CARICOM. Many Caribbean countries, as neoliberalism hits hart, are also looking more towards Venezuela than the US for alliances.

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Venezuela's Opec Stand is a Win for Climate Change Campaigners

Environmentalists seem to realize that they have some stake in a fight such as the Ecuador-Chevron lawsuit...But what about fights between multinational oil giants and the governments of oil-producing states over control of resources?

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We Have to Get Out of the ICSID

"We have to get out of ICSID" proclaims Hugo Chavez Frias during ´Hello, President´ on the 8th of January 2012. To understand why, let´s recap. States are sovereign. A state cannot be judged by other states or organisms, because it has jurisdictional immunity, which is inalienable. To hand that over is to loose sovereignty

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New PDVSA Gives Precedence to Social Investment and Integration

Before the Bolivarian Revolution, Petróleos de Venezuela, S.A. (PDVSA) the Venezuelan state-run oil company, was completely cut off from society and its needs. The strategic guidelines of the country’s oil industry were set abroad to favour large multinationals such as Exxon and Shell, among others.

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WikiLeaks Cables Show Haiti as Pawn in U.S. Foreign Policy

When WikiLeaks announced its plan to release tens of thousands of classified U.S. diplomatic cables to the public, the U.S. government feared a massive international backlash and threat to national security. In this analysis, COHA's Katie Soltis details how the U.S. tried to undermine Haiti’s oil deal with Venezuela in order to protect the vested interests of U.S. oil corporations, among other policies that prioritized U.S. interests over the Haitian people's.

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US-Venezuelan Relations: Just Frozen or Beyond Repair?

On 24 May the Obama administration imposed sanctions against Venezuela's state-owned oil company Petroleos de Venezuela (PDVSA), causing Venezuelan Minister of Foreign Affairs Nicolás Maduro to affirm “the relation (with the U.S.) is frozen." Can Washington really afford to antagonize a nation that exports nearly a million barrels per day to the U.S.? Should Venezuela turn off the taps, then the recent gasoline prices of nearly $4 a gallon will begin to look like a bargain.

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