Oil wealth will be replaced by a private production network that will serve the mafias that keep the dictatorship standing. What’s happening with gas is only the first step
A Colombia-based startup developed an app that would allow Venezuelans to engage in electronic transactions in dollars without having a bank account in the U.S. Too good to be true?
There’s a black market for everything. Venezuelans will always find ways to trade with anything scarce, from food to DirecTV kits
Illegal economies are also buckling in the face of fuel shortages, checkpoints and the closing of our borders. The price of cannabis has gone through the roof during the quarantine
After 20 years of radical Oil Sovereignty blah blah blah, Venezuela’s oil industry may end up under the boot of a no-name Kremlin-linked security contractor
Our country is experiencing an unprecedented shortage of fuel, even in Caracas. What are the causes and the solutions?
The attachment to dogma about Venezuela’s endless riches blocks essential changes for rescuing the industry. It’s time to change
Fuel shortage and lockdowns are reigniting the regime’s controlling instincts—and overwhelming the people’s capacity for survival
The collapse of WTI means one thing for the regular energy market and another thing for what’s left of the Venezuelan oil industry
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.
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