Over the past year, as we already know, the S.S. Chavez, steered by his successor Captain Maduro, has sprung a leak deep below the waterline and begun to sink. Then, perhaps, was it controlled; the pumps were still trying their best to displace the seawater surging into the bowels of the ship and the passengers were calmly and orderly boarding… Read more »
CNBC: For decades, jobs at Venezuela’s state-run oil giant PDVSA were coveted for above average salaries, generous benefits and cheap credit that brought home ownership and vacationing abroad within reach for many workers. Now, in Venezuela’s asphyxiating economy, even PDVSA employees are struggling to pay for everything from food and bus rides to school fees as triple-digit inflation eats away… Read more »
UPI: Talks with Russian officials this week could add additional weight to an oil production agreement reached last week in Algeria, Venezuela’s president said. State-owned Petróleos de Venezuela, known also as PDVSA, said through its official Twitter account that President Nicolas Maduro aims to carry a message to Russia about cooperating on production arrangements “It is very certain that we have… Read more »
UPI: The governor of Venezuela’s Táchira state has said some drivers next week could begin to pay gas stations with Colombian pesos or U.S. dollars. Táchira Gov. José Vielma Mora said gas stations under the new currency program- aimed at Colombian drivers- will be jointly operated by Colombian companies and Venezuela’s government-owned Petroleos de Venezuela, or PDVSA, oil company. The… Read more »