Oilgame

This can be described as the battle between nationalization and privatization, between national interest and transnational authority, oil supplier’s countries and the non-oil suppliers and Venezuelan pride and US hegemony. While rising oil prices is...

After nationalizing country's oil reserve, Venezuela government has forced foreign oil drillers to sign a pact, in which they will sell their majority stakes to state-run Petroleos de Venezuela, S.A. New norms have forced to change hands as...