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Petroleos De Venezuela

The Price of Gasoline and the Patently Absurd Application of Our Sovereign Immunity Law

Raymond J. Learsy | Posted 04.26.2013 | Business
Raymond J. Learsy

We have an anomaly in our courts, irresponsibly supported by the executive and legislative branches of our government, in the manner that our courts interpret Sovereign Immunity and, in turn, its impact on our day to day lives.

Oil Cartels and Venezuela -- A Moment of Truth for the Obama Justice Department

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

The proceedings in the ongoing United States vs. CITGO Petroleum Corporation clearly reveal our government's abject alliance with the machinations of the OPEC cartel.

Aban Pearl, Offshore Oil Drilling Platform SINKS Off Coast Of Venezuela: No Spill, Says Government

Posted 05.25.2011 | Green

CARACAS, Venezuela (AP) -- A natural-gas platform sank off Venezuela on Thursday after workers escaped in lifeboats and the last few leaped into the C...

Hugo Chavez's Very Excellent Windfall Oil Profit Tax

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

Hugo Chavez is not a friend of ours, but he does come up with some good ideas, since we are dealing with a commodity that has left all ballast of free market determination far behind.