Chevron CEO warns against company’s possible departure from Venezuela amid negotiations with Trump admin

Chevron CEO Mike Wirth argued against the move over concerns about energy security and growing Chinese influence in the Western Hemisphere.
Why is Venezuela in an economic crisis?

Venezuela has been suffering through an economic crisis since 2010. It was caused under the presidency of Hugo Chavez. The crisis was predominantly caused by the fall in oil prices, but there is a multitude of internal and external factors involved in this crisis. Since 2014, Venezuelan economy has been officially in recession. Venezuela’s History

Is Venezuela a capitalist country?

Venezuela never stopped being a capitalist country. In the beginning, the government attempted to make some social reforms, but it never encroached on the privileges of the big businessmen and capitalists. Even the National Constitution respects and preserves the right to private property.

Was Venezuela a rich country?

Venezuela’s economy, historically According to Foreign Policy magazine, “Venezuela was considered rich in the early 1960s: It produced more than 10 percent of the world’s crude and had a per capita GDP many times bigger than that of its neighbors Brazil and Colombia — and not far behind that of the United States.”

Is Venezuela worth visiting?

Venezuela is a jewel to discover, a virtually unexplored territory with places of incomparable beauty. From paradisiacal beaches to impenetrable jungles to vertigo-inducing routes through the Andean highlands, the possibilities for visitors are almost endless. 3) Relax And Enjoy!