Analysis of the Venezuelan Oil Market

However, there are over 25 indigenous languages that all fall under three categories: Cariban, Arawak, or Chibcha. English is the most popular second language, as it is spoken by many professionals in larger cities and children at private schools. In public schools, children are not required to learn English. Children are required to go to school until the age of 15. Secondary school is free but not required. Nevertheless, almost half of all Venezuelan adults have no secondary education and many of them never received any formal schooling (Martz). Since 2003, there have been many efforts to address issues in education such as providing more affordable universities

The overwhelming majority of Mexicans today speak Spanish. According to the CIA, Spanish is spoken by 92.7 percent of the Mexican population. About 6 percent of the population speaks Spanish as well as indigenous languages, such as Mayan, Nahuatl and other regional languages. However, the Spanish spoken by Mexicans varies from the traditional Spanish the originated in Spain. The religion of Mexico is predominantly catholic. Around 82 percent of Mexicans identify themselves as Catholic, according to the CIA, although many have incorporated pre-Hispanic Mayan elements as part of their faith.There are also small communities of Muslims, Jews and Buddhists.

The valuation process firms undergo when looking to acquire a company is very complex, but when a company, especially a foreign one, makes the conscious decision to enter another foreign market is even more complex and tricky. In this case three western oil firms the neophyte Philbro; the legacy Mobil; and, the middle weight Conoco all have to determine if and how they want to enter the newly open Russian Oil market. The Russian oil market is characterized as high risk for potentially high rewards. High risks include but are not limited to obsolete and poor infrastructure; murky and opaque governmental (and subsequently economic) policies; unreliable Russian geologic surveys; and, etc. Furthermore, Russian inflation is soaring and the

In 2016, the crude oil price movement prices were unpredictable. The OPEC reference basket dropped 10 percent to $43.22 per pound. The ICE Brent and NYMEX WTI both went down by 8.4 percent with ICE Brent at $47.08 per pound and NYMEX WTI at $45.76 per pound. This showed that there were uncertainties in the petroleum market. The future prices were predicted for 2017 that it would move higher. The World’s economic growth predictions was the same at 2.9% for 2016 but increased to 3.1% for 2017. Because of the 3rd quarter of 2016 in Japan and US, the OCED growth went from 1.6% to 1.7%. The demand for oil growth in 2016 has been increasing slightly to 1.24 mb/d. In 2017, the demand will be predicted with a decrease to 1.15 mb/d. OECD will

Indians and mestizos each form about 40 percent of the population. Blacks, whose ancestors were brought to Ecuador as slaves of the Spaniards, make up the remaining 10 percent of the population. Most Ecuadorians speak Spanish, and more than 90 percent of the population belongs to the Roman Catholic Church.

A country known for the Angel Falls (highest waterfall in the world), the exquisite arepas (corn cakes with cheese) and the legendarily Miss Universe titleholders; the Bolivarian Republic of Venezuela is located in northern South America.  Regardless from the artistic landscapes, Venezuela is acknowledged for its vital oil reservoirs, its everlasting admiration of Simon Bolivar and its prominent watermark of Chavismo. Moreover, the country’s bureaucratic history has been influenced by Spanish colonialism, authoritarian rule, and the practice of the use caudillos (regional military leaders). Venezuela’s economy has been predisposed by agricultural surpluses of coffee and cocoa despite the fact that the production of oil has determined the country 's GDP (gross domestic product) since the 20th century; slowly turning it into a resource curse nation.  Presently, Venezuela has about 30 thousand citizens with an urbanization rate of 89 %, for this reason it is one of the most developed countries in Latin America.

Venezuela, officially known as the Bolivarian Republic of Venezuela, is located on the northeastern coast of South America. It is bordered to the east by Guyana, the south by Brazil, and the west by Colombia. The country stakes claim to roughly three hundred and fifty square mile of highly fertile and biodiverse land. As of 2015 the population of the country is estimated to be 29,275,940 (CIA, 2015). Throughout Venezuelan history many unique sociological revolutions have occurred and to understand the present one must appreciate the past.

It only takes two hours and a half to get to the United States from Venezuela. Many people travel from Venezuela to U.S envisioning a better Life improvement from what Venezuela scares thanks to political irresponsibly. Venezuela is unrivaled to USA in terms of education, road and security

Venezuela has roughly 29 million individuals. Venezuela's northern coastline extends around 2,800 kilometers that impart the waters to various islands in the Caribbean ocean, including Los Roques, Venezuela.Venezuela covers roughly 353,841 square miles.The nation of Venezuela comprises of 23 expresses: the Capital Region (Caracas) and Government Conditions that likewise cover Venezuela's islands. Our city has the ideal spot for various sorts of exchanging and developments to come through.

The biggest religion is Spain, comes as no surprise as it is the same as Argentina and Colombia, Roman Catholicism. Spain’s Catholic population comes in at just under 68%. More or less right at the same as Argentina and

who are Amerindian-Spanish which make up 62 percent of the population. The other group is the Amerindian and they account for approximately 21%. The white population in the country accounts for %10. Most Mexicans speak Spanish and or the indigenous languages. More than 82 percent of Mexicans practice Catholicism. Mexico also hosts a small number of Jews, Muslims and Buddhists.

who are Amerindian-Spanish which make up 62 percent of the population. The other group is the Amerindian and they account for approximately 21%. The white population in the country accounts for %10. Most Mexicans speak Spanish and or the indigenous languages. More than 82 percent of Mexicans practice Catholicism. Mexico also hosts a small number of Jews, Muslims and Buddhists.

Have you ever asked yourself how many countries speak Spanish as their primary language? Well turnsout more then what we expect, we all think English is the primary language of most countries. WhileEnglish is the most widely spoken in the U.S has no official language. The number of Spanish speakers in the US currently makes it the second largest Spanish speaking country in the world (after Mexico) and it is projected to become in 2050. Spanish is spoken widely along the border states in the biggest cities such as Chicago, Houston, Los Angeles, Miami, And New York. California has the highest percentage of Spanish speakers 50%.In addition to the 22 counties that speak Spanish, for example Puerto Rico both English and Spanish are official languages of Puerto Rico, yet Spanish is without a doubt the dominant language as the majority of the people in Puerto Rico don’t really like or even speak English. Fewer than 20% of Puerto Rico speak English fluently. The language hey use in Puerto Rico has a lot to do with the culture as well. English the language of instruction in the schools, the intent being to produce English-speaking persons of American culture in the same way this is done in the United States public schools.

Venezuela’s cultural leaning toward communitarianism, as you displayed in your table, is likely to have been impacted by several elements. First, communitarianism

The types of ethnic groups in Venezuela are Spanish, Italian, Portuguese, Arab, German, African, and Indigenous people. The religion that is practice is Roman Catholic and Protestant. Religion is a big part for the people of Venezuela. It is estimated that over 90% of the