New Venezuelan Oil Woes Head to Court

The Venezuelan oil industry is currently embattled in two large lawsuits that may have a very serious impact on the future of Venezuelan oil production. The situation for the industry has been precarious since the introduction of the Bolivarian revolution. The state oil company seized (for the most part) from the capitalist class had been…

Venezuela Has Exxon Mobil’s $1.4 Billion Ruling Overturned

Venezuela’s legal battle against imperialism took another great step forward with a new ruling by a World Bank arbitration panel. In 1999 when Hugo Chavez was elected he nationalised some of Exxon Mobil’s major projects in the country. The legal battle over the seizure has been going on for more than ten years. In 2014…

Venezuelan V.P. Accused of Drug Trafficking

WASHINGTON, DC – On Monday the United States government accused the vice president of Venezuela, Tareck El Aissami, of being involved in international drug trafficking. As a result of the accusation, the U.S. has placed severe sanctions on him. U.S. citizens are banned from doing business with him and freezing any assets he has in…

Foreign Dollars Tightly Controlled in Venezuela

In the wake of the death of Hugo Chavez many predicted a sharp return to capitalist policies. Much to their dismay (and my delight) this is not the case. The government of Nicolas Maduro is solidly keeping the victories of Venezuela in sight as he and the Bolivarians begin a new monetary policy. The goal…