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 nation s social and economic progress. venezuela is a country of great natural resources, but only oil and iron have been tapped on a larg
products are now available at the new c-span online store. go tose and stored see san announcer: in 1950, oil-rich, 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 1950 s promotional film showing the history of creole petroleum s 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 world s number two oil producer. it dissolved when the country nationalized their oil industry in the 1970 s. narrator: stretching along the eastern shore of lake maracaibo in venezu
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 nation s social and economic progress. venezuela is a country of great natural resources, but only oil and iron have been tapped on a large s
narrator: stretching along the eastern shore of lake maracaibo and venezuela, one of the industrial wonders of modern times, the oil-producing 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
from short haul budget flights. and we head to south america and what s officially the most electrifying place on earth. hello and welcome to the travel show, coming to you this week from the historic university city of cambridge in the uk. now, it s the beginning of term and students are coming back, and like many generations before them, they ll be benefiting from some of the best educational resources in the world. and that includes valuable treasures looted from afar on colonial expeditions. but we re here because the university has recently announced it s actually returning some of those, specifically benin bronzes, to nigeria. and it s there, in what was once known as the kingdom of benin, that i want to start this story. for centuries, this street, igun eronmwon, has been famous for one particular craft bronze casting. its name literally translates to the place where bronze works are made . just five minutes from the palace, traditionally, it was the royal family an