Venezuela’s Oil Industry Is Fueling An Environmental Disaster ...Middle East

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Venezuela’s Oil Industry Is Fueling An Environmental Disaster
source : OILPRICE ( Middle East ) () 32
A frequently overlooked aspect of Venezuela’s immense economic and humanitarian crisis is the tremendous environmental damage occurring as a result of autocratic president Nicolas Maduro ruthlessly exploiting the petrostate’s vast oil resources. Strict U.S. sanctions, which cut Caracas off from global financial and energy markets, along with sharply weaker oil prices and plummeting oil production, forced Maduro to secure alternate sources of income as Venezuela’s finances crumbled. Due to a chronic lack of…

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