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In 1976 what did the government of Venezuela do to the oil industry?
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What does the government in Venezuela own?
The government owns the oil industry
What industry does Venezuela control?
the oil industry.
Why does Venezuela have cheap gasoline?
Because Venezuela has oil, and the government doesn't demand a high tax.
What is Venezuela's major industry?
Petroleum Petroleum
How would one compare and contrast the modern industry and the traditional agriculture of Venezuela?
Venezuela is not self-sufficient agriculturally and it must import most of its food. Venezuela's modern industry is oil. Before they discovered oil in 1913, 80% of the population was rural and illiterate. Venezuela now ranks among the richest and most powerful nations in the world.
Which industry does the venezuelan government own?
Oil industry
What is the major source of income in Venezuela?
There are three main industries in Venezuela. Mining for bauxite and aluminum is a major industry. The people of Venezuela also work in oil fields, both on and off shore. Venezuela is also a steel exporting country.
Why does Venezuela have so much oil?
Oil is important to Venezuela, because it is most of Venezuela's economy.
Is Venezuela an oil producing country?
Yes. Venezuela is an oil producing country. In fact, oil related pollution is an environmental concern in Venezuela.
Why is gas in Venezuela so cheap?
Because the government owns the companies that drill for oil. They set the price.
What major products are in Venezuela?
Oil. Hugo Chavez wanted to control the country. After he was released from jail he ran for president and of course was elected and won. When he won in 1998 he nationalized the oil industry
How should you improve oil pollution problems in Venezuela?
Contaminated oil pits, which collect waste from oil wells, also threaten to seep into Venezuela's water sources. Venezuela's state oil company is working to clean up its oil pits, and has adopted an environmental policy to focus more closely on environmental protection.
