Summarizing 9 articles about oil in Venezuela (separately) Research Paper

Summarizing 9 articles about crude anoint in Venezuela (separately) - Research Paper ExampleThe makes the U.S. defenseless to c modernises that will strike these countries. For example, the U.S. relied heavily on Venezuela for around 15% of their cover supply. This, combined with Venezuelas proximity to the U.S., made Venezuela appears to be a stalwart employment hub (p.3). Venezuela, however, posed to be a problem when it proved to be non as reliable in oil supply as the U.S. expected them to be. The U.S. was not the only one to fail in anticipating the Venezuelan crisis. There should be reforms in oil management strategies in order to minimize the impact of oil crisis. DiJohn, J. (2009). From windfall to curse? Oil and industrialization in Venezuela, 1920 to the present. University Park, Pa Pennsylvania State University Press. This book is a very useful resource in cost of understanding the puzzles within the frugals and politics of Venezuela in the past century. Venezuela experienced a rise in economy due to the influx of oil revenues from mid-twenties to 1965. The years that follow had been witnesses to the countrys economic downfall. From then, Venezuela has never really been able to rise again. The common idea for Venezuelas economic rise is oil yet similarly, it is also the most common thing to be blamed when talking about the nations collapse. Yet, as the author states, the reigning explanations for economic slowdown in Venezuelahave proved inadequate (p.168). The book provides several hard-to-find data that will make rethink the reasons for Venezuelas economic collapse. This book is a gold mine of information that goes along with the ideas presented in the other articles studied for this topic. It discusses the validity of the resource curse, the importance of the nature of Venezuelas political framework, and even the issues on importation and exportation. Giusti, L. E. (1999). La apertura The opening of Venezuelas oil industry. Journal of Int ernational Affairs, 53(1), 117-128. Transactions regarding oil have tremendously changed over the past decades. Oil byplay had been controlled by limited suppliers before, but has lately become an active market with floating prices and many participants (p.128). Venezuela has long been a key player in the oil industry, however, the upstart changes in the market and the global modernization requires one to look closely on what can be done in response to this changing law of supply and demand. The author emphasizes that changes should be done in terms of oil management framework because the old system is fast becoming obsolete. many another(prenominal) key players in the oil industry, including Venezuela, are still supporting and are under the old OPEC management system, and continuing under this old system could be detrimental to the expansion and growth plans of oil suppliers. Hall, M. R. (2012). TINKER SALAS, MIGUEL. The Enduring Legacy Oil, Culture. and Society in Venezuela. J ournal of Third World Studies, 29( 2), 280-281. The discussion of the more recent events regarding the social and cultural consequences of the Venezuelan oil industry is a good addition to the various information available regarding the history of Venezuelas economic rise due to the influx of oil revenue particularly beginning 1920. The author mentions that the oil camps are social laboratories