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→Petroleum and REMs
Although economic growth has been impressive, as a result of the oil windfall, many in the Venezuelan business community remain very concerned about President Chavez' vision for 21st Century Socialism and what it portends for the private sector.
Although economic growth has been impressive, as a result of the oil windfall, many in the Venezuelan business community remain very concerned about President Chavez' vision for 21st Century Socialism and what it portends for the private sector.
===Petroleum and [[REM]]s===
===Petroleum and [[REMs]]===
Economic prospects remain highly dependent on oil prices and the export of petroleum. Venezuelan oil is heavy and costly to retrieve. Dilution fluids or steam are needed to bring it to surface and to transport it to markets.<ref>[https://archive.ph/lVS1f#selection-1177.0-1236.0 Donald Trump’s great Venezuelan oil gamble], ''[[The Economist]]'', Jan 4th 2026.</ref>
Economic prospects remain highly dependent on oil prices and the export of petroleum. Venezuelan oil is heavy and costly to retrieve. Dilution fluids or steam are needed to bring it to surface and to transport it to markets.<ref>[https://archive.ph/lVS1f#selection-1177.0-1236.0 Donald Trump’s great Venezuelan oil gamble], ''[[The Economist]]'', Jan 4th 2026.</ref>