Saturday, August 29, 2009

Economy

Venezuela is one of the founding members of the Organization of Petroleum Exporting Countries (OPEC), the nation has the largest proven oil reserves in the western hemisphere, and the second largest natural gas reserves,after the United States.

The petroleum industry accounts for more than half the goverments revenue;however, few Venezuelans benefit from its wealth and most live in poverty.


DID YOU KNOW?????

The oil reserves are so vast, that from time to time engineers drill in the wrong place by mistake, miles away from where they think they should be, only to end up finding oil anyway.

4 comments:

  1. Wow, that Did you know fact is so interesting. Your blog has so much information that I've never known. I will trade you for some petroleum. Where are the Hacha Falls? Venezuela is a really interesting country.

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  2. Hello, I'm the Secretary of State for Chile, and I am interested in trading you paper for some of your petroleum. If you agree, you will automatically be trade partners with me and you will get "first dibs" on rare natural resources like wood and iron. I am very impressed by your blog. Would you also like to work on improving Chile's tourism a bit? If so please let me know. I hope you realize how good a deal this is for you and for me.

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  3. Hi I'm the secretary of state from Honduras, I will trade you some gold and silver for your petroleum. Petroleum is valuable and Honduras needs some.

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  4. Hi, I am the Secretary of State of Panama. I am willing to trade you plenty for petroleum. I have many things to offer such as cement, fruits, vegetables, clothing, and much more. For more information please go to my blog page and comment please! Thank you!

    ReplyDelete