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| 12420. VENEZUELA: A NATION DEPENDENT ON OIL. Thorough study of the problems of dependency on one product, even a lucrative one like petroleum. Covers early history, the first concessions and oil wells, international politics of early oil concessions, the first oil boom of the 1920's, the carious attempts to increase Venezuela's revenues from oil in the 30's and 40's, the beginnings of Venezuelan-Arab oil cooperation and the early years of OPEC, the OPEC price and ownership revolution 1971-74, how and why Venezuelan's spending always overtook oil revenues in the 70's and 80's, the economic crisis of the 90's and the return of private companies to Venezuelan oil, Venezuela's shale oil reserves and prospects for the future. Much attention to oil statistics and ownership structures throughout. 16p., 9b., 30 notes in text. |
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$112
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