The Fuse

Video: The End of PetroCaribe

by Leslie Hayward | January 12, 2016

https://www.youtube.com/watch?v=goyS2FJt7yI&feature=youtu.be

Venezuela gives away roughly one quarter of its oil export revenues, in the form of discounted oil to its regional allies like Cuba. Although Venezuelan officials have promised repeatedly that the country would never end the PetroCaribe program, changing political conditions and low oil prices are shifting the calculus, with sweeping implications for the region.

topics: Chavez, Maduro, Petrocaribe, resource nationalism, South America, Venezula, Video