the oil industry

Trump is threatening to attack a country that produces three times more oil than Venezuela

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Trump is threatening to attack a country that produces three times more oil than Venezuela

Isfahan Refinery, one of the largest refineries in Iran. – Fatemeh Bahrami/Anadolu/Getty Images The United States is weighing whether to strike Iran as turmoil intensifies for the country’s authoritarian regime. Iran’s government is at its weakest point in years, destabilizing yet another OPEC nation less than two weeks after the United States toppled Venezuela’s government. … Read more

Why Venezuela’s ‘very dense, very sloppy’ increase in oil production could harm the environment

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Why Venezuela’s ‘very dense, very sloppy’ increase in oil production could harm the environment

BOGOTA, Colombia (AP) — Environmental experts warn that U.S. efforts to modernize and boost Venezuela’s vast oil reserves could worsen decades of ecological damage and increase pollution from global warming in a country already struggling with the legacy of a declining oil industry. The warnings come as Washington has stepped up pressure on Venezuela following … Read more