Venezuela Oil and Political Risk

Venezuela, founding member of the OPEC, far from lagging behind the global oil landscape still keeps the first place as the worlds heavy and extraheavy oil top reservoir which is very different than shale oil and shale gas ( by fracking means of extraction) which undoubtedly the United States is leading the way now but i tend to look at it in separate ways since the quality of the crude oil. The U.S is gradually weaning itself of its bedeviled energy dependency although it needs to keep the pace of investments and other things in mind such as environmental issues (i.e whats happening now with the Keystone pipeline dilemmas ) in order to become in the long term a net exporter and self sufficient on energy. As for Venezuela, although its situation is quite harsh now in terms of management in the oil industry still holds a prominent future and asthe world oil landscape is becoming one of cooperation instead of competition since there are many other actors and players in sight different than the traditional ones say OPEC like. Of course there are plenty of political risks threatening venezuela oil production, such as high inflation rates, uncertain fiscal policies but not as the case of harsher circumstances like in Nigeria, Libya, Irak, this hasnt scared foreign investors such as GAZPROM ENI CHEVRON SHELL and BP as well as CNPC from China from investing in Venezuela specifically in the Orinoco Belt, where national oil future lies for many years to come.

BYBLOS CONSULTING POLITICAL RISK
CARACAS VENEZUELA