Ecuador Wants Money Not to Drill for Oil

Ecuador's president Rafail Correa is in Europe attempting to generate interest in a scheme to have countries pay for Ecuador not to drill for oil in an Amazon Reserve.  This area has been declared a biosphere...

Oil Is Plentiful, Demand Weak. Why Are Gas Prices Going Up?

I hate oil companies "Storage tankers across the globe may be brimming with oil that no one is buying because of the global economic downturn, but the traditional laws of supply and demand don't always apply to oil...

Venezuela looks further East: Chavez in Japan

Caracas, Venezuela, 6 April 2009. After including Japan in his international tour at a very short notice, Venezuelan President Hugo Chavez visited Tokyo on Monday. Chavez met with Japanese Prime Minister Taro Aso...

Chavez: US heating oil program never suspended

Despite earlier allegations against the Venezuela social assistance to the American poor, Venezuelan President Hugo Chavez confirmed the heating oil programme was never suspended. «They are speculating on...

Venezuela investigates US official over plot against gov

Venezuelan President Hugo Chavez warned US Embassy that one of its officials may soon be declared persona non grata. This warning comes after allegations over a meeting that took place between opposition...

Gas exporters form new organization not a cartel

After months of negotiations, main gas producing countries agreed to form an Organisation to protect their common energy interests. The initiative has been criticised by those fearing the formation of a...

Leaderless Venezuelan Opposition damns Chavez vote bid

The following BBC article attempts to portray recent political events in Venezuela. Adopting the view of local opposition, it reports on the reaction to prospects of extending Chavez´s tenure in...

Venezuela, Russia end VenRus 2008 naval exercises

In the first ever military presence in the region after the end of the Cold War, Russia participated with Venezuela in a joint naval exercise called VenRus 2008. This military cooperation heralds the beginning of...

Fidel Castro urges Lat Am to tag Venezuela

Speaking from Havana, Fidel Castro urged other Latin American countries to follow the Venezuelan lead - under Hugo Chavez- in order to prosper. Castro "praised Venezuela for having 'absolute transparency' in...

Kuwaiti govt resigns but elections in two months

The Kuwaiti cabinet "handed in its resignation on Tuesday to prevent the questioning in parliament of Sheikh Nasser Mohammed, the prime minister, concerning corruption allegations" In addition, the unauthorised...