Venezuela's Next Leader Has To Figure Out What To Do With All That Oil

Tom Gjelten — Thu, 11 Apr 2013 13:45:38 +0000

As Venezuela's president, Hugo Chavez thought in grandiose terms, and his country's vast oil riches enabled him to act on his vision. But Chavez died before he had to deal with the flaws in his model, and some hard choices await his successor.

Key to Chavez's notion of "21st Century Socialism" was the redistribution of Venezuela's oil earnings.

Another Oil Rig Fire In The Gulf

Ashley Lopez — Fri, 16 Nov 2012 17:38:01 +0000

Two years after the Deepwater Horizon oil spill in the Gulf of Mexico, another oil rig has caught fire in the Gulf just off the Louisiana shore today.

According to the Associated Press,