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Petroleos De Venezuela

Nicolas Maduro Wants To Raise Gas Prices

AP | FABIOLA SANCHEZ and JOSHUA GOODMAN | Posted 12.19.2013 | Latino Voices

CARACAS, Venezuela (AP) — The price of the world's cheapest gasoline will start to nudge higher if Venezuela's president has his way — and he usua...

Venezuelan Economic Crisis Forces President's Hand

AP | JOSHUA GOODMAN | Posted 12.02.2013 | Latino Voices

CARACAS, Venezuela (AP) — The late President Hugo Chavez's dream of leveraging Venezuela's oil wealth to spread revolution across Latin America is c...

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.

Has Chavez Squandered Venezuela's Future?

AP | IAN JAMES | Posted 09.23.2012 | World

CARACAS, Venezuela -- On the streets of Caracas, vast slums blanket the hillsides while squatters hang laundry in the windows of abandoned buildings. ...

Venezuela To Pay Exxon Mobil Hundreds Of Millions Less Than Originally Thought

AP | By FABIOLA SANCHEZ | Posted 01.03.2012 | Business

CARACAS, Venezuela -- Venezuela said Monday it has successfully defended itself in an international arbitration case brought by Exxon Mobil Corp. and ...

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.

Chavez Threatens to Halt Oil Sales to US

AP | SANDRA SIERRA | Posted 05.25.2011 | Business

CARACAS, Venezuela — President Hugo Chavez on Sunday threatened to cut off oil sales to the United States in an "economic war" if Exxon Mobil Co...