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18.07.26 - 17:51
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Venezuela Quake Disaster Tops 5,000 Deaths As 50,000 Remain Missing (ZeroHedge)
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Venezuela Quake Disaster Tops 5,000 Deaths As 50,000 Remain Missing
Venezuela's official death toll from the twin earthquakes that struck the country on June 24 has surpassed 5,000 and could climb much higher.
New footage of the June 24th earthquake in La Guaira shows multiple buildings collapsing #Venezuela pic.twitter.com/hq1ywikhpA
— CNW (@ConflictsW) July 11, 2026
Poorly constructed multifamily housing complexes, built with low-quality materials under the socialist government's mass-housing programs, collapsed "like sandcastles" when the quakes hit the coastal state of La Guaira.
The devastating earthquakes in Venezuela exposed exactly how the socialist government built housing for their people. Look at this video from La Guaira.
The buildings in the Misión Vivienda program were constructed using expanded polystyrene (EPS) panels coated with a thin layer… pic.twitter.com/N4qLX7W3Xa
— Maila Maria Rosa (@MailaMariaRosa) June 28, 2026
The magnitude 7.2 and 7.5 quakes struc...
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14.07.26 - 22:51
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Venezuela′s Oil Revival Faces A Critical Services Bottleneck (ZeroHedge)
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Venezuela's Oil Revival Faces A Critical Services Bottleneck
Authored by Rystad Energy via OilPrice.com,
Venezuela could increase crude production by about 194,000 bpd by late 2028, with most growth coming from existing producing fields rather than new discoveries.
International oil companies led by Chevron are expected to deliver nearly two-thirds of the forecast production increase through brownfield investments.
The biggest obstacles are operational, including drilling rigs, diluent supplies, infrastructure upgrades, and a competitive fiscal regime capable of attracting long-term investment.
Venezuela's upstream industry has entered a new phase. Following sweeping hydrocarbon reforms and broader geopolitical developments in early 2026, the conversation has shifted from whether the country can reopen its oil sector to whether it can successfully execute a meaningful production recovery. The country's resource potential has never been in doubt. The greater challenge now lies i...
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