Via The Economist, commentary on the potential role that Venezuela could play to help the West wean itself off Russian oil: n april 22nd a ban on Russian oil imports will come into effect in the United States. One of the countries that could benefit is Venezuela. According to Credit Suisse, a bank, its economy is expected […]
Read more »Via The Wall Street Journal, a report on Venezuela’s outreach to help lift U.S. sanctions so that oil can flow: With energy prices soaring because of war in Ukraine, Wall Street firms and other U.S. investors are seeing an opening to press the Biden administration to lift sanctions against a potentially major Western Hemisphere producer of crude, Venezuela. Venezuela’s […]
Read more »Via The Atlantic, a report on how – in the midst of the country’s economic collapse – casinos, and the dollar, are king again: The monkey entered the casino after midnight. It clung to the arm of a short man with a military haircut. The man stood and watched the action at the roulette tables […]
Read more »Via Oil & Gas Daily, an article on the deterioration of Venezuela’s petroleum sector: Leaks, rusted pipes, pieces of broken equipment scattered about and staircases leading nowhere: Lake Maracaibo’s oil field is a metaphor for Venezuela’s once-flourishing petroleum industry that is now on its knees. More than a century ago, the Maracaibo basin in northwestern […]
Read more »Via The Wall Street Journal, a report on how the Venezuela’s economic liberalization puts this Socialist country on path for growth after seven-year free fall: A dozen casinos are opening here in a country where the Socialist government had banned gambling as a capitalist vice. And stores that were barren just a couple of years […]
Read more »Via Rest of World, an article on an unlikely superapp coming out of Venezuela: When Vicente Zavarce was first starting Yummy, Venezuela’s self-appointed “everything app”, he sought out other entrepreneurs in Latin America for advice. One of those was the leadership team at Yaigo, a Bolivian logistics startup, including its co-founder and CEO Ariel Valverde. “They […]
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