Author: Fernando Coronil

Oil and Revolution: Viewpoints Edited

The oil policy preva- lent in Venezuela during the 1990s, better known as the “aperture” (i.e. aperture-open- ing), called for maximizing the country’s production capacity in-country by attracting foreign oil companies to participate in the development of Venezuela’s oil infrastructure and, ultimately, to maximize production. unfortunately, the involvement of foreign oil companies came at a steep cost since the “incentives” offered led to a collapse in the country’s fiscal income which, in turn,

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It’s the Oil, Stupid!!! An Overview

This apparent truism of “It’s the oil, stupid!” makes sense without being really true. Certainly, as the embodiment of immense wealth and energy, oil appears to be a force capable of defining the destiny of modern nations. Yet this appearance is deceptive. Oil does condition but does not determine the social life of these nations. To understand this, it is enough to observe that oil has radically different effects in different oil producing …

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Chávez’s Venezuela: A New Magical State?

What do you think of Hugo Chávez? Are you for or against him? Venezuelans inevitably confront these questions when we travel or meet people unfamiliar with our ideas. Unless one stands at one of the two opposite poles dominating political life in Venezuela during this last decade, it is hard to answer them. A generalized Manichean mind-set tends to push and flatten every position towards the extreme ends and nuanced views …

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