Venezuela, once an oil giant, reaches the end of an era
Posted at Oct 08 07:55 AM
Venezuela’s colossal oil sector, which shaped the country and the international energy market for a century, has come to a near halt, with production reduced to a trickle by years of gross mismanagement and U.S. sanctions. The collapse is leaving behind a destroyed economy and a devastated environment and, many analysts say, bringing to an end the era of Venezuela as an energy powerhouse.
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