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“What’s fascinating about Tinker Salas’s work is his discussion around oil camps in early Venezuela, the discovery of oil in Lake Maracaibo in 1922 and how these US oil companies came into the country on very, very excellent terms for the companies themselves, because essentially, they were only paying rent on the land that they were drilling, rather than any taxes on the oil that they were actually digging out of the ground. Miguel is very interesting in discussing this process, how Venezuela entered the international oil economy on very, very unfavourable terms. “ Read more...
Julia Buxton, Policy Analyst
