Selling the Underground Chest
María Corina and Edmundo’s pitch to Trump—ousting the regime in exchange for opening Venezuela’s oil industry—involves an outdated project that Maduro himself could still hijack
Tag: Venezuelan Oil
How Chevron's Exit Will Impact the Venezuelan Economy
Not all decisions are final regarding the Trump administration's policies on Venezuela's oil sector. But revoking License 41 will lead, in the short and medium term, to a production decline that will make fuel more scarce and the economy weaker
Trump Accelerates Chevron’s Exit from Venezuela. Here’s What We Know
Chevron’s wind-down will have an immediate impact in the oil industry and the economy, as things stand
The Oil Pendulum and the Absent Questions About the Venezuelan Oil Industry
Chávez forced PDVSA back into a tight political control and statism. Now, Maduro’s trying to get the company on its feet again with the opposite approach. How far can he walk that path?
An Overview of the Decline of Oil Production in Venezuela
Now that we left 2020 behind, we can see how oil production in “the country with the biggest reserves on Earth” has fallen during the Maduro years, according to OPEC
Maduro’s ‘Anti-Blockade Law’ Explained
The “Anti-Blockade Constitutional Law for National Development and Guarantee of Human Rights” was finally published in the Official Gazette. How does it serve the regime and how does it affect Venezuela?
Without Fear, Beyond Reproach: the Reform of the Hydrocarbons Sector
The attachment to dogma about Venezuela’s endless riches blocks essential changes for rescuing the industry. It’s time to change
Understanding the Impact of Oil Prices Over Venezuela
The collapse of WTI means one thing for the regular energy market and another thing for what’s left of the Venezuelan oil industry
The End of the Oil Era
Oil for May delivery is worth less than nothing. For the first time in a hundred years, Venezuela is staring down a future with no oil income. I’m sure it won’t be missed.
How the Oil Debate Changed Venezuela After August 29, 1975
During Carlos Andrés Pérez’s first presidency, a law was passed so Venezuela could benefit the most from oil revenue. It was well thought out and, most importantly, well executed. It would change our relationship with our natural resources forever.
Caracas Chronicles is 100% reader-supported.
We’ve been able to hang on for 22 years in one of the craziest media landscapes in the world. We’ve seen different media outlets in Venezuela (and abroad) closing shop, something we’re looking to avoid at all costs. Your collaboration goes a long way in helping us weather the storm.
Donate