Venezuela, oil and politics

Written by former Venezuelan president Rómulo Betancourt, this work recounts Venezuela's political history from 1880 to 1956, with a focus on the relationship between oil, economics, and politics.

Betancourt describes how he perceived a strong connection between political dictatorships and foreign oil company management, and how he implemented severe taxation of foreign oil companies when he assumed leadership in 1945.

The book also details Betancourt's role as one of the chief architects of OPEC, recognizing that true economic stability for Venezuela would require cooperation between oil-producing nations.