1. Venezuela and Political Oil
Venezuela is the country in the western hemisphere with the largest reserves of light and crude oil. ... He then went to the Caribbean Petroleum to work on an oil exploration project in Venezuela. ... It was in 1922, when even more oil was discovered in Venezuela (which then made them the largest oil exporter) that Venezuelan presiden Juan Vicente Gomez let the United States and their corporations write the laws for Venezuelan petroleum. ... Because the quotas and limitations based on oil production were affecting oil-producing nations, they allied themselves to for the Organization of the Pe...
- Word Count: 2251
- Approx Pages: 9
- Has Bibliography
- Grade Level: Undergraduate