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Crude Nation : How Oil Riches Ruined Venezuela

Crude Nation : How Oil Riches Ruined Venezuela

Crude Nation : How Oil Riches Ruined Venezuela. Raul Gallegos

Crude Nation : How Oil Riches Ruined Venezuela
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Author: Raul Gallegos
Number of Pages: 256 pages
Published Date: 01 Oct 2016
Publisher: Potomac Books
Publication Country: United States
Language: English
Format: Pdf
ISBN: 9781612347707
Download Link: Crude Nation How Oil Riches Ruined Venezuela
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Beneath Venezuelan soil lies an ocean of crude—the world’s largest reserves—an oil patch that shaped the nature of the global energy business. Unfortunately, a dysfunctional anti-American, leftist government controls this vast resource and has used its wealth to foster voter support, ultimately wreaking economic havoc.Crude Nation reveals the ways in which this mismanagement has led to Venezuela’s economic ruin and turned the country into a cautionary tale for the world. Raúl Gallegos, a former Caracas-based oil correspondent, paints a picture both vivid and analytical of the country’s economic decline, the government’s foolhardy economic policies, and the wrecked lives of Venezuelans. Without transparency, the Venezuelan government uses oil money to subsidize life for its citizens in myriad unsustainable ways, while regulating nearly every aspect of day-to-day existence in Venezuela. This has created a paradox in which citizens can fill up the tanks of their SUVs for less than one American dollar while simultaneously enduring nationwide shortages of staples such as milk, sugar, and toilet paper. Gallegos’s insightful analysis shows how mismanagement has ruined Venezuela again and again over the past century and lays out how Venezuelans can begin to fix their country, a nation that can play an important role in the global energy industry.  

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