With Hugo Chávez's passing, some are looking for a new era in Venezuelan oil. But Venezuela's role in the global oil market has diminished over the years and some expect little change in Venezuelan oil after Hugo Chávez.
Taxpayers, activists, and politicians see this outrageous tally of fossil fuel subsidies and get angry at the oil company — but in Petrobras' case, Rapier writes, it's the oil company footing the bill.
International oil companies have been searching for crude off the coast of Cuba for the past few years, but all came up short. In hindsight, did the drilling program make sense?
Venezuela's long-stalled plan to build an oil refinery in Nicaragua is revitalized with Chávez's reelection. The refinery would give Venezuelan oil a Pacific gateway to China.