History Of The Venezuelan Oil Industry
Venezuela is the fifth largest oil exporting country in the world with the largest reserves of heavy crude oil at an estimated 99.4 billion barrels (1.580×1010 m3) as of 2010. Venezuela is the second largest reserves of light and heavy crude oil in the western hemisphere. In 2008, crude oil production in Venezuela was the tenth-highest in the world at 2,394,020 barrels per day (380,619 m3/d) and was also the eighth-largest net oil exporter in the world.
Read more about History Of The Venezuelan Oil Industry: Pre-discovery Years - 1907, 1908-1940 – The Birth of The Venezuelan Oil Industry, 1940-1976 – The Road To Nationalization, 1977-1998 - Years of Decline, 1999-present, Today and The Future
Famous quotes containing the words history of, history, oil and/or industry:
“The history of all previous societies has been the history of class struggles.”
—Karl Marx (1818–1883)
“I cannot be much pleased without an appearance of truth; at least of possibility—I wish the history to be natural though the sentiments are refined; and the characters to be probable, though their behaviour is excelling.”
—Frances Burney (1752–1840)
“Eat what you can get.
Where’s the salt
in this dump of a village?
And, Lucky Man,
what’s the use
of a salty thing
if there’s no oil in it?”
—Hla Stavhana (c. 50 A.D.)
“The reason American cars don’t sell anymore is that they have forgotten how to design the American Dream. What does it matter if you buy a car today or six months from now, because cars are not beautiful. That’s why the American auto industry is in trouble: no design, no desire.”
—Karl Lagerfeld (b. 1938)