Andres Oppenheimer: Venezuela: From oil power to oil importer
Venezuela’s populist government is well-known for its disastrous economic management, but I would have never imagined that it would lead Venezuela — which has the world’s largest oil reserves — to start importing oil. As weird as it seems ...
VENEZUELA: INTL AIRPORT INTRODUCING A BREATHING TAX
How many people have darkly joked about the officials eventually imposing a surcharge on the air we breathe? Folks may jest no more. Those travel authorities who arrange for the sometimes questionable surcharges imposed on air travel have added yet another ...
Venezuela has spent USD 250 million to lobby in the United States
Under the government of deceased President Hugo Chávez, Venezuela used three legal mechanisms available in the United States to lobby and influence on decision making. For such purpose, the nation paid USD 20,722,646. In 1999-2014, state-run oil holding ...
Venezuela's Yusmeiro Petit Breaks MLB Record For Consecutive Batters Retired
To call the San Francisco Giants' Yusmeiro Petit a journeyman pitcher is to insult the Bruce Chens and Octavio Dotels of baseball history. Career minor leaguer might be closer to the mark. And yet, the 29-year-old righty from Maracaibo, Venezuela, has now ...
Looking to Get Out of Venezuela? Good Luck!
Every day, the cost of a plane ticket out of Venezuela goes up. That assumes you can get a plane ticket, and you probably cannot, even if you booked three months ago. Delta Air Lines, American Airlines, and Lufthansa cut the number of flights. Air Canada ...
Why are Venezuela’s supermarkets so empty?
Venezuela's supermarkets don't have enough food. Or toilet paper. Or, well, anything really. And that's why the government is about to start fingerprinting people to ration goods. But why can't an oil-rich country even keep its stores stocked? Well, it's ...
Venezuela’s Black Market Bolivar Slides to Record Low
Venezuela’s bolivar fell to a record low against the U.S. dollar on the black market today as the government tightens currency rationing to pay maturing debt. A dollar fetched 89 bolivars on the Colombian border today, compared with the official exchange ...
Is Venezuela finally ready to sell Citgo?
A long-proposed sale of Citgo, the US subsidiary of Venezuela’s state oil company PDVSA, is once again making some waves. Rafael Ramírez, the powerful boss of PDVSA who is also oil minister and deputy president for the economy, said this month that a ...
Congressman urges Obama to block Venezuela's Citgo sale
MIAMI (Reuters) - A U.S. congressman urged the Obama administration on Wednesday to block the proposed sale by Venezuela's state oil company of its North American refining unit Citgo, saying it would be against "vital national interests". Venezuela Oil ...
Airlines Abandon Venezuela, Stranding Fliers
CARACAS, Venezuela—When this city's professional soccer club traveled to a key match in Peru, its tough rival wasn't the only challenge. The team also had to endure an arduous four-day journey, including four connecting flights and a jarring, cross ...
