For nine consecutive years (2003–2011), the Argentinean gross domestic product (GDP) continued to increase at an impressive annual rate of 7% to 8%. However, this trend was expected to change in ..
Fig. 1 illustrates the annual gross domestic product (GDP) and inflation from 2006 to 2011 for Venezuela. High crude oil prices have helped domestic GDP growth, suggesting a healthy economy. ..
In Venezuela, the sole producer of crude oil and basic derivatives is state-owned company, Petroleos de Venezuela S.A., also known as PDVSA. In 2002, PDVSA's total production capacity o..