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venezuela

"As early as 1522 Spanish invaders reported that the Carib tribes in Venezuela used a black, gooey substance for many purposes. The viscous material was crude oil. It was not until the 1950s, however, that oil production began in Venezuela. Oil accounts for a quarter of the nation's gross domestic product and three-quarters of export earnings, and Venezuela is South America's leading producer and one of the few non-Arab members of OPEC. There are also substantial coal reserves, and exploitation of the recently discovered Guasare Basin field is expected to add 10 million tons to annual production. The political instability of the early 1990s shook foreign investor confidence, but Venezuela has emphasized trade links with other South American countries. The mid- to late 1990s saw a series of public and private sector strikes for higher wages. In addition to participation in the G-3 agreement with Mexico and Colombia, Venezuela has a free trade agreement with Colombia and has expressed the desire to become part of the North American Free Trade Agreement between Canada, Mexico, and the United States.

The election of Hugo Chavez as president of Venezuela raises the question of the unraveling of the political system in all of La


Religion: Roman Catholic - 96%; Protestant - 2%; other - 2%.

Languages: Spanish is the official language, but Indian dialects are spoken by some of the 200,000 Indians in the remote interior region.

One of the favorite forms of entertainment is the "toros coleados", where two groups of expert brave riders compete with each other at downing a bull by catching it by the tail and throwing it to the ground. The competition takes place in a festive atmosphere, where music is played between bulls and abundant food and drink is served.

Population: 23,242,000 (1998 estimate)

Climate: The Venezuelan climate varies according to region, but ranges from tropical to moderate. The rainy season lasts from May through November. The average annual temperature in Caracas is 69 F. (internet-google)



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Approximate Word count = 1107
Approximate Pages = 4 (250 words per page double spaced)


  

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