Reviving Venezuela’s Oil Industry Is Easier Said Than Done

Reviving Venezuela’s Oil Industry Is Easier Said Than Done
A man holds a sign that reads in Spanish “They attack for oil” during a march in support of the state-run oil company PDVSA, in Caracas, Venezuela, Jan. 31, 2019 (AP photo by Ariana Cubillos).

Weeks into Nicolas Maduro’s disputed second term as Venezuela’s president, his prospects for political survival appear more uncertain than ever. Many countries, including the United States and many South American and European countries, have recognized opposition leader Juan Guaido, president of the National Assembly, as the legitimate interim president, as he declared himself last month. It is risky to predict the end date of a regime whose leadership has already weathered nearly six years of economic crisis, but if it is approaching, there should be plans for reviving the economy of an oil-rich but desperate nation. Guaido is already devising […]

Keep reading for free right now!

Enter your email to get instant access to the rest of this article, get five free articles every 30 days, and to receive our free email newsletter:

Or, Subscribe now to get full access.

Already a subscriber? Log in here .

What you’ll get with an All-Access subscription to World Politics Review:

A WPR subscription is like no other resource — it’s like having your own personal researcher and analyst for news and events around the globe. Become a member now, and you’ll get:

  • Immediate and instant access to the full searchable library of 15,000+ articles
  • Daily articles with original analysis, written by leading topic experts, delivered to you every weekday
  • Daily links to must-read news, analysis, and opinion from top sources around the globe, curated by our keen-eyed team of editors
  • Weekly in-depth reports, including features on important countries and issues.
  • Your choice of weekly region-specific newsletters, delivered to your inbox.
  • Smartphone- and tablet-friendly website.
  • Completely ad-free reading.

And all of this is available to you — right now for just $1 for the first 30 days.

More World Politics Review