Half a century ago, Venezuela was one of the world's richest nations. Today, decades of economic collapse have driven nearly a quarter of its population to flee the country. On January 3, the US ...

The rapid collapse and poor maintenance of Venezuela's oil industry, aggravated by U.S. sanctions, have caused a massive and widespread environmental catastrophe with immense volumes of petroleum ...

Much of its reserves are located in the Orinoco Belt and consist of heavy crude. Unlike the lighter crude found in many ...

WASHINGTON — Texas Sen. Ted Cruz mused that the collapse of the brutal regimes in Cuba, Iran, and Venezuela during the next six months is “entirely” within the realm of possibility. The Republican, ...

Venezuela transitioned from a close U.S. ally after the 1958 dictatorship collapse and through the anti-Communist Betancourt presidency, becoming a key source of oil and a counterweight to Cuba during ...

Get your news from a source that’s not owned and controlled by oligarchs. Sign up for the free Mother Jones Daily. The middle-of-the-night kidnapping of Venezuelan President Nicolás Maduro shocked the ...

“Ten years from now, twenty years from now, you will see – oil will bring us ruin…” – Juan Pablo Pérez Alfonzo, the Venezuelan oil minister, and the “Founding Father” of the Organization of the ...