Venezuela's Orinoco Belt is an Environmental Nightmare | HappeningNow.news
Published Date: June 11, 2026

Energy

Venezuela's Orinoco Belt is an Environmental Nightmare

U.S. intervention in Venezuela, with illegitimate President Nicolas Maduro snatched in a daring January 2026 night raid, opened the count…

Source OilPrice Updated April 21, 2026 AI Summary

AI Summary

U.S. intervention in Venezuela, with illegitimate President Nicolas Maduro snatched in a daring January 2026 night raid, opened the country's oil industry to foreign investment. While President Donald Trump is aggressively pushing for Big Oil to invest in Venezuela, energy majors are taking a more sober approach. Venezuela's heavily corroded oil infrastructure, responsible for a nationwide environmental catastrophe, will require tens of billions of dollars to remediate before production will rise significantly. This, along with an ecological crisis…

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