caracas (venezuela)

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Venezuela, once an oil giant, reaches the end of an era
www.nytimes.com

Venezuela, once an oil giant, reaches the end of an era

Venezuela’s oil reserves, the world’s largest, transformed the country and the global energy market. Now its oil sector is grinding to a halt — perhaps never to recover.
Javier Corrales: What the oil spill in Venezuela tells us about its politics
www.nytimes.com

Javier Corrales: What the oil spill in Venezuela tells us about its politics

The largest oil reserves and one of the world’s most incompetent governments have brought authoritarianism, economic collapse and environmental disaster to the country.
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