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PetroCaribe

Venezuela Finally Awakens from Chavismo Dream

Wednesday, December 9, 2015 at 6:05 AM
Written by Anthony L. Hall

According to the February 13, 2014, edition of Business Insider, Venezuela sits on the world’s third largest energy reserves – valued at $34.9 trillion. This includes 297.6 billion barrels of oil – the most of any oil-producing country. Therefore, it speaks volumes that 25 percent of Venezuelans live below the poverty line. Even those who… Read more.

PetroCaribe Chickens Coming Home to Roost

Tuesday, November 19, 2013 at 5:27 AM
Written by Anthony L. Hall

If one buys Chávez’s sales pitch, PetroCaribe promises to ‘…contribute to the energy security, socioeconomic development and integration of the Caribbean countries, through the sovereign use of the energy resources.’ I am loath to suggest that Chávez is selling snake oil instead of the crude oil that is supposed to fuel this pact. But I have… Read more.