Venezuela

Mary Finley-Brook

VENEZUELA IS A major oil-producing state and a founding member of the Organization of Petroleum Exporting Countries (OPEC). Its leaders resist global efforts to accelerate cuts in carbon dioxide emissions, and the country's low-cost oil supply to Latin America and the Caribbean countries may stall regional transition to alternative energy sources. Venezuela has been criticized for encouraging energy inefficiency with oil subsidies, but new state environmental programs promote conservation. Venezuela has proven crude oil reserves of 80,012 million barrels, and the state-owned Petróleos de Venezuela (PDV) is one of the world s largest oil companies. Most of the nations oil exports enter the United States. PDV's subsidiary Citgo refines the ...

Users without subscription are not able to see the full content on this title. Please, subscribe or login to access all content on this website.