VOL. XLVI

No 2

13-January-2003

OPEC

Venezuela Political Trench Warfare Decimating Oil Industry; Tragic Economic Consequence

The political and economic crisis unfolding in Venezuela will permanently transform the outlook for world oil supplies in the coming years. A founding member of OPEC, Venezuela will face a struggle to rebuild its damaged production operations, and international financial and oil companies will shun future investments in the beleaguered oil and gas industry until stability...