While Venezuela’s oil ebbs, Colombia’s flows
Nearly a decade after Venezuelan President Hugo Chavez fired 20,000 oil workers from the state oil company, Venezuelan production has slumped. In nearby Colombia, a country that has attracted many Venezuelan oil engineers, production is soaring. As recently as 2005, Colombia thought it would have to import oil, but today it is exporting sizable amounts to the United States and on the verge of producing 1 million barrels a day.
Sources: U.S. Energy Information Administration; International Energy Statistics; National Hydrocarbons Agency. The Washington Post.
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