VIO News Blog

March 17, 2009

Venezuela has the World’s Second Biggest Oil Reserves

Venezuela has the world’s second-biggest oil reserves, Bloomberg reports today. Its proven reserves increased by 14% last year to reach 172.3 billion, passing Iran and putting the country closer to the current leader, Saudi Arabia. More reserves are yet to be certified by independent analysts.

The AP reports that opposition state governors in Venezuela yesterday challenged the decision of President Chavez to bring the maintenance of highways, airports, and seaports under federal management, asking the Supreme Court to rule on whether or not it is constitutional. Meanwhile, a group of 13 elected lawmakers in the National Assembly issued a statement defending the move as a bid to ensure the efficient use of public services. They asserted that the opposition arguments were designed to “confuse the public.”

Sentencing occurred yesterday in the trial of Franklin Duran, who was given four years in jail and a $175,000 fine. Prosecutors argued that he attempted to help Venezuela cover up the “suitcase scandal,” in which cash was allegedly sent to Argentina. According to the AP, U.S. District Judge Lenard said yesterday that Duran “did not commit espionage against the U.S. or threaten its national interests,” but that “The respect of the sovereignty of the United States is paramount.” The Miami Herald reports: “Federal prosecutor Tom Mulvihill recommended more than 13 years, saying Duran might not have been a “spy” for the Chávez government but that he did ”harm” the United States.” Many commentators agree that the case was heavily politicized.

The Inter American Press Association, a Miami-based group of newspaper editors and owners, said at the close of a meeting in Paraguay on Monday that press freedom is deteriorating in the Americas. It also accused President Chavez of “humiliating the press,” and claimed his “incendiary rhetoric” is being adopted by several other leaders throughout the region. Most of Venezuela’s media is private-owned and virulently anti-government, and criticizes the Chavez administration freely and openly. Meanwhile, IAPA “applauded a drop in violence against journalists in Colombia,” where it found that last year 29 death threats were reported and five journalists went into exile.

Venezuela’s baseball team beat Puerto Rico 2-0 in Miami yesterday to move on to the World Baseball Classic semi-finals. The AP reports that some Venezuelan fans cheered especially loud for Magglio Ordonez of the Detroit Tigers due to his public support for the constitutional amendment approved by Venezuelan voters in a referendum last month.

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