Caracas Signs on Oil with Washington and Stays in the Dark: Cuts up to 16 Hours, Protests in Nine States
4 Articles
4 Articles
A large part of the country lives at the rate of power cuts. Inhabitants and companies try to organize both well and badly. The situation could also jeopardize the oil agreement with the United States.
It might seem like a paradox. And perhaps it is. Venezuela, which thanks to the hand of the United States has given back strength and hope to its oil industry, is short of energy. That is to say, at the time when the big Western companies called to collect from Donald Trump to put in place a [...]
By Ignacio Montes de OcaThe Venezuelan oil industry's rush to remove more crude oil from the land became a perfect trap. Every additional barrel they manage to produce directly steals hours of light from the homes of the country.What is happening is an uneven fight over an electrical grid that is broken and collapsed.As the amount of energy available is stagnant and does not supply for everyone, the system works as a zero-sum game: if the oil in…
Since September 23 a new wave of blackout hit Caracas and 13 states, with protests in nine. In the same hours Delcy Rodríguez met Trump in New York after the agreement with Chevron: the crude oil that should pay the net today emptys it.
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