Political chaos, sanctions and technical mismanagement of the oil industry may have taken a heavy toll on the industry.
Articles on PDVSA
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US oil companies have never stopped investing and operating in Venezuela’s petroleum industry, despite many changes in the terms of their engagement.
The world’s most oil-abundant nation is heading for energy consumption levels not seen since the 1990s.
It will be hard and complicated to replace Venezuela’s heavy sour crude.
Can a new government, perhaps by shoring up democracy and oversight, harness this commodity for peace and prosperity?
Top contributors
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Director of the Energy Institute and Professor of Practice, Tulane University
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Research Associate (Centre for Energy Economics Research and Policy), Heriot-Watt University
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Research Associate (Centre for Energy Economics Research and Policy), Heriot-Watt University
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Nonresident Fellow in Energy and Global Oil, Baker Institute for Public Policy, Rice University
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Director, Energy, Climate Justice, and Sustainability Lab, and Research Professor, New York University; Tufts University
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Assistant Professor of Political Science, United States Naval Academy
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Professor of Political Science, University of Pittsburgh