CLEAN : Political uncertainty in Venezuela

The video discusses the potential impact of foreign investment on Venezuela's oil production, which has been declining under Chavez. It highlights the political uncertainty following Chavez's rule, with a power vacuum that could be filled by either the current vice president or an opposition member. The long-term effects on oil prices depend on the political climate. International oil companies are interested in returning to Venezuela, but their decision hinges on the government's stance towards foreign investment and nationalization.

What could be a long-term effect of welcoming foreign investment in Venezuela's oil industry?

• Immediate economic collapse

• Increase in oil prices

• Decrease in oil production

• Rise in oil production

What is the current state of oil production in Venezuela as mentioned in the video?

• It is unaffected by politics

• It is rapidly increasing

• It has been stable

• It has been shrinking

Who might take over after Chavez, according to the video?

• A foreign investor

• A local business leader

• The current vice president

• An international oil company

What is a key factor that will determine the return of international oil companies to Venezuela?

• The amount of oil reserves

• The political and regulatory climate

• The current oil prices

• The level of foreign debt

What is the main concern for oil companies regarding investment in Venezuela?

• High labor costs

• Environmental regulations

• Nationalization of assets

• Lack of skilled workers