Would you like to start a free subscription?
Remember me | Forgot password
For full content view: Log in Now!
Iraq aside, Venezuela’s oil crisis could really hurt. While everybody’s mind is on Iraq, Saudi Arabia and the Middle East, and their potential effect on world oil supplies, a more serious crisis is brewing. An indefinite-duration, general national strike protesting the Hugo Chavez regime was launched in Venezuela last month. This is the latest in a series of one-day general national strikes in a continuous state of protest that marred the entire year.
Critical to the outcome of the current protest is whether oil workers of state oil company PDVSA will support the next general strike, according to Michael Economides of the University of Houston and Liugi Saputelli PDVSA engineer. After all, oil accounts for 80% of the nation’s exports, 50% of government revenues and at least 25% of the entire national economy. The PDVSA workers went out in a huge way, paralyzing the nation’s oil activities with enormous future implications. It’s too early to predict how this will affect Venezuela, and the impact on the rest of the world, particularly the U.S., is still unfolding.
This area of the site is restricted.
In order to gain access, please either Log
In, or subscribe to World Oil.
Two options are available to you for creating an account.
1. Get a Free Trial Subscription to World Oil Magazine and gain immediate access to select content on World Oil Online.
Start a Free Trial Subscription and gain immediate access to the complete current issue of World Oil Magazine. Plus, you’ll receive 3 upcoming issues of World Oil Magazine in print or digital format.* You also receive access to the Energy Events Calendar, Industry Statistics and WO Wire’s news and industry coverage.
2. Purchase a subscription to World Oil magazine and gain immediate
and complete access to World Oil Online. As a Total Access subscriber
you will have access to all areas of the site available to registered users and
free subscribers as well as having access to such premium content areas as:
Physical copies of this content may be available for purchase. Visit the Reprints & Back Issues section.
If you are already a paid subscriber and do not have access, please email CustomerService@worldoil.com.
World Oil's specialized upstream Engineering Data Tables featuring the Drill Bit Classifier, Tubing Tables and more. Get Total Access today.
Kuala Lumpur - March 25-28
The Woodlands, TX - April 1-3
Houston, TX - April 6-9
All material subject to strictly enforced copyright laws.
© 2014 World Oil. © 2014 Gulf Publishing Company.