As Costa Rica debates the pros and cons of joining the Venezuelan oil financing program Petrocaribe, energy experts meeting in Washington warned that countries already addicted to Petrocaribe’s cheap oil could face catastrophe if the Venezuelan economy under President Nicolás Maduro implodes.
The United States said Monday it was "deeply disappointed" after Aruba released a former Venezuelan military chief wanted in the U.S. for drug trafficking charges.
President Luis Guillermo Solís tried to walk a fine line between the economic and political implications of joining the Venezuelan-led Petrocaribe oil-buying scheme, which some lawmakers have advocated as a solution to curb Costa Rica’s rising gasoline prices, during a press conference Tuesday.
As Costa Rica’s gasoline prices reach record highs, politicians are scrambling to find a way to curb costs at the pump. Members of the leftist Broad Front Party think the answer lies in a Venezuelan oil-sharing scheme, Petrocaribe.
CARACAS, Venezuela — In the 15 months since Hugo Chávez's demise, his successor, Nicolás Maduro, has kept the Chávez enterprise rolling, sticking to the comandante's policy prescriptions like an executor carrying out a will.
The end of a decade-long boom driven by cheap money and strong commodity prices has deeply divided Latin America between fast-growth countries along the Pacific coast and stragglers on the Atlantic.
WASHINGTON, D.C. – A U.S. Senate committee on Tuesday greenlighted new sanctions on Venezuelan officials responsible for violent crackdowns against anti-government student protesters that have left 42 people dead.
CARACAS, Venezuela – Even as frustrated opposition leaders iced their talks with President Nicolás Maduro in the past week, they expressed little support for possible U.S. sanctions against top Venezuelan officials and business associates of his government.
A serious national security problem is emerging in the Caribbean Basin, much neglected by Washington. Banging the final nail in the coffin of the Monroe Doctrine, Russia’s Vladimir Putin is joining China in building a trans-oceanic canal through Nicaragua, as well as a military supply facility.
Leonardo Zambranok, who moved from Venezuela almost three years ago to take a marketing job with Procter & Gamble Co. in Panama, has watched the wave of violent protests back home and says he knows he made the right choice.
