Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Yo_Mama_Been_Loggin

(134,258 posts)
Mon Feb 16, 2026, 02:34 PM Monday

Venezuela's oil industry is in ruins. Reviving it won't be easy

The pumps that brought prosperity from deep in the Earth's crust are now mostly rusted relics of a storied past.

The buildings that housed a prideful labor force are vandalized, colonized by squatters or boarded up.

-snip-

U.S. Energy Secretary Chris Wright visited Venezuela last week, met with the country's interim president, Delcy Rodríguez, and even toured some oil fields. He boasted of "enormous progress" in reviving a business that is now effectively under U.S. management.

Dimming the upbeat declarations is a harsh reality: It will likely take at least a decade — and perhaps $200 billion or more — to restore the country's decrepit hydrocarbon infrastructure, experts say.

https://www.yahoo.com/news/articles/venezuelas-oil-industry-ruins-reviving-110000425.html

Hope Donny Shit-for-brains and Congress don't give them money like they did Argentina.

Latest Discussions»General Discussion»Venezuela's oil industry ...