Archive for the ‘Venezuela’ Category

Venezuela’s New Oil Minister

Via Ozy, commentary on Venezuela’s new Oil Minister: By selecting Tareck El-Aissami as his new oil minister, Venezuelan President Nicolás Maduro has given the enormous task of fixing the country’s most important industry to a man who has little expertise in the sector — and who is wanted in the U.S. on drug trafficking charges. […]

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Venezuela Proposes Major Overhaul of Energy Sector

Via The Wall Street Journal, an article on Venezuela’s plan downsize national oil monopoly while ambitiously aiming to double production: Venezuela’s government is proposing a sweeping overhaul of its energy industry, scaling back the role of the state and handing over greater control to private companies in an effort to boost plummeting oil output, according to […]

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Venezuela’s Socialists Embrace Business

Courtesy of The New York Times, a look at how, after decades of socialist-style control devastated the economy, capitalism is back in Venezuela, helping keep the country afloat — and Nicolás Maduro in power: As Venezuela tumbled deeper into economic crisis in 2017 and its people searched for a way out, one name kept coming up: […]

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The Collapse Of Venezuela And Its Oil Industry

Via Forbes, an article on the destruction of PDVSA, Venezuela’s national oil company: How could Venezuela, the country with the largest oil resources in the planet — which received the largest commodity windfall in Latin America’s history and had the highest income per-capita in the region — end up with the worst economic depression, hyperinflation, […]

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Venezuela: Striking It Poor

Courtesy of Foreign Policy, a sobering look at the tragic — and totally avoidable — self-destruction of one of the world’s richest oil economies: In the spring of 1959, at a secretive meeting at a yacht club in Cairo, Venezuela’s then-minister of mines and hydrocarbons, Juan Pablo Pérez Alfonso, hatched a plan to give big […]

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PDVSA Is Collapsing

Via The Financial Tribune, an article on the dire condition of Venezuela’s PDVSA: The man who ran Venezuela’s state oil company PDVSA for a decade after 2004 says the country’s oil firm is on the cusp of total collapse and expects oil production to drop by 600,000 barrels per day each year amid lack of […]

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About This Blog
Wildcats & Black Sheep is a personal interest blog dedicated to the identification and evaluation of maverick investment opportunities arising in frontier - and, what some may consider to be, “rogue” or “black sheep” - markets around the world.

Focusing primarily on The New Seven Sisters - the largely state owned petroleum companies from the emerging world that have become key players in the oil & gas industry as identified by Carola Hoyos, Chief Energy Correspondent for The Financial Times - but spanning other nascent opportunities around the globe that may hold potential in the years ahead, Wildcats & Black Sheep is a place for the adventurous to contemplate & evaluate the emerging markets of tomorrow.