One of the largest known oil deposits in the world, this resource has brought new life to the people of venezuela. The oil beneath these waters belongs to those people, but the stupendous task of bringing it to the surface, refining and marketing has been the work of private, foreign capital and engineering genius, much of it north american, and half that work has been done by one company, Creole Petroleum corporation. Creole is an american company, affiliated with standard oil of new jersey, but it operates exclusively in venezuela, making its headquarters in caracas, a sparkling, modern city whose progress is rooted in oil. From its caracas offices, this Company Conducts business in the interests of the venezuelan people as well as its own stockholders. This is the story of an American Business firm which has become an integral part of a nations social and economic progress. Venezuela is a country of great natural resources, but only oil and iron have been tapped on a large scale. Th
Products are now available at the new cspan online store. Go tose and stored see san announcer in 1950, oilrich, venezuela was the fourth most prosperous country in the world with an average annual income of about 7500. With only switzerland, new zealand, and the United States doing better. In recent years, oil prices have dropped and venezuela has experienced political and economic turmoil. The country is now number 126 on the list of per capita gdp. Next, people and petroleum, the story of creole in venezuela. A 1950s promotional film showing the history of Creole Petroleums development and in venezuela, and what it argues are benefits to the country, including health care, education and infrastructure. At the time, creole was a Standard Oil New Jersey venuzuela affiliate and the worlds number two oil producer. It dissolved when the country nationalized their oil industry in the 1970s. Narrator stretching along the Eastern Shore of Lake Maracaibo in venezuela, is one of the industria
One of the largest known oil deposits in the world, this resource has brought new life to the people of venezuela. The oil beneath these waters belongs to those people, but the stupendous task of bringing it to the surface, refining and marketing as been the work of private, foreign capital and engineering genius, much of it north american, and half that work has been done by one company, Creole Petroleum corporation. Creole is an american company, affiliated with standard oil of new jersey, but it operates exclusively in venezuela, making its headquarters in caracas, sparkling, modern city whose progress is rooted in oil. From its caracas offices, this Company Conducts business in the interests of the venezuelan people as well as its own stockholders. This is the story of an American Business firm which has become an integral part of a nations social and economic progress. Venezuela is a country of great natural resources, but only oil and iron have been tapped on a large scale. This
Narrator stretching along the Eastern Shore of Lake Maracaibo and venezuela, one of the industrial wonders of modern times, the oilproducing complex of the venezuelan fields, more than 2000 oil wells reaching almost to the horizon. One of the largest known oil deposits in the world, this resource has brought new life to the people of venezuela. The oil beneath these waters belongs to those people, but the stupendous task of bringing it to the surface, refining and refining and marketing has been the work of private, foreign capital and engineering genius, much of it north american, and half that work has been done by one company, Creole Petroleum corporation. Creole is an american company, affiliated with standard oil of new jersey, but it operates exclusively in venezuela, making its headquarters in caracas, a sparkling, modern city whose progress is rooted in oil. From its caracas offices, this Company Conducts business in the interests of the venezuelan people as well as its own sto
Water, corruption, and a crumbling economy why Venezuelas Oil problem is crippling the country. translated the oil goes to the bottom of the lake. Thats where the crab is. It migrates, or dies, or gets covered with petroleum, and when its stained like that, no one will buy it. Ifill all that and more on tonights pbs newshour. Major funding for the pbs newshour has been provided by love me tender we can like many, but we can love only a precious few, because it is for those precious few that you have to be willing to do so very much. You dont have to do it alone. Lincoln financial helps you provide for and protect your financial future because this is what you do for people you love. Lincoln financial youre in charge. And with the ongoing support of these institutions this program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Ifill Hillary Clinton once called it the highest, hardest Glass Ceiling