EIA Report on Venezuela

As argued in class, Venezuela remains as important economic actor for the world's oil market. Below follows a link to the U.S. Energy Information Administration most recent executive summary on Venezuela's primary energy resources.

http://www.eia.doe.gov/countries/cab.cfm?fips=VE

The EIA's report gives critic attention to the recent halts in Venezuela's Oil Industry, while underlying a plausible association between such overall production decline and the Central State oriented policies implemented during the ongoin President Chavez's Administration.

Brief History Recount of the Role of Oil in Venezuela

In his multi-award-winner novel: "The Prize", Daniel Yergin elaborated a concise description of Oil's history. Firmly, Yergin argues how the 20Th century was an era shaped by the global necessity of accessing and assuring the most efficient development of oil resources. And certainly, it was a century which defined the Venezuelan State as no other before. With the awakening of the oil industry, Venezuela experience for the first time modern economic growth. Closely, nationalism policies were born in the need to consolidate the nation; underlie remains the question of who's interest were really represented by such state projection.

As it follows, the link below provides a brief review of the major points which characterized the establishment of the Venezuelan Oil Industry, mostly from a political point of view. The review author's sings as Sarah Gilbert, who in turn claims that her post "summarizes the events an ideas lay out in The History of Venezuela by Michael Tarver and Julia C. Frederick (Palgrave McMillan: 2006)."

http://venezuelanoil.blogspot.com/2011/04/brief-history-of-role-of-oil-in.html