• 10 mins London Stock Exchange Boss Defends Push To Win Aramco IPO
  • 1 hour Rosneft Signs $400M Deal With Kurdistan
  • 4 hours Kinder Morgan Warns About Trans Mountain Delays
  • 10 hours India, China, U.S., Complain Of Venezuelan Crude Oil Quality Issues
  • 15 hours Kurdish Kirkuk-Ceyhan Crude Oil Flows Plunge To 225,000 Bpd
  • 19 hours Russia, Saudis Team Up To Boost Fracking Tech
  • 1 day Conflicting News Spurs Doubt On Aramco IPO
  • 1 day Exxon Starts Production At New Refinery In Texas
  • 1 day Iraq Asks BP To Redevelop Kirkuk Oil Fields
  • 2 days Oil Prices Rise After U.S. API Reports Strong Crude Inventory Draw
  • 2 days Oil Gains Spur Growth In Canada’s Oil Cities
  • 2 days China To Take 5% Of Rosneft’s Output In New Deal
  • 2 days UAE Oil Giant Seeks Partnership For Possible IPO
  • 2 days Planting Trees Could Cut Emissions As Much As Quitting Oil
  • 2 days VW Fails To Secure Critical Commodity For EVs
  • 2 days Enbridge Pipeline Expansion Finally Approved
  • 2 days Iraqi Forces Seize Control Of North Oil Co Fields In Kirkuk
  • 2 days OPEC Oil Deal Compliance Falls To 86%
  • 3 days U.S. Oil Production To Increase in November As Rig Count Falls
  • 3 days Gazprom Neft Unhappy With OPEC-Russia Production Cut Deal
  • 3 days Disputed Venezuelan Vote Could Lead To More Sanctions, Clashes
  • 3 days EU Urges U.S. Congress To Protect Iran Nuclear Deal
  • 3 days Oil Rig Explosion In Louisiana Leaves 7 Injured, 1 Still Missing
  • 3 days Aramco Says No Plans To Shelve IPO
  • 6 days Trump Passes Iran Nuclear Deal Back to Congress
  • 6 days Texas Shutters More Coal-Fired Plants
  • 6 days Oil Trading Firm Expects Unprecedented U.S. Crude Exports
  • 6 days UK’s FCA Met With Aramco Prior To Proposing Listing Rule Change
  • 6 days Chevron Quits Australian Deepwater Oil Exploration
  • 6 days Europe Braces For End Of Iran Nuclear Deal
  • 7 days Renewable Energy Startup Powering Native American Protest Camp
  • 7 days Husky Energy Set To Restart Pipeline
  • 7 days Russia, Morocco Sign String Of Energy And Military Deals
  • 7 days Norway Looks To Cut Some Of Its Generous Tax Breaks For EVs
  • 7 days China Set To Continue Crude Oil Buying Spree, IEA Says
  • 7 days India Needs Help To Boost Oil Production
  • 7 days Shell Buys One Of Europe’s Largest EV Charging Networks
  • 7 days Oil Throwback: BP Is Bringing Back The Amoco Brand
  • 7 days Libyan Oil Output Covers 25% Of 2017 Budget Needs
  • 7 days District Judge Rules Dakota Access Can Continue Operating
Oil Markets Fear Iraqi Escalation

Oil Markets Fear Iraqi Escalation

The military operation by Iraqi…

Who Are The Biggest Buyers Of U.S. Oil?

Who Are The Biggest Buyers Of U.S. Oil?

Exports of U.S. petroleum and…

Venezuelan Crisis Worsens: Water Twice as Expensive as Gasoline

Venezuelan Crisis Worsens: Water Twice as Expensive as Gasoline

Due to years of underinvestment in the water processing system, and a rich abundance of crude oil, water in Venezuela is now twice as expensive as gasoline.

Residents in Caracas have become wary of tap water after it was discovered that Lake Mariposa, a reservoir that supplies tap water to 750,000 Venezuelans, has become seriously contaminated due to its role as a site for followers of Santería, a syncretic religion of West African and Caribbean origin influenced by and syncretized with Roman Catholicism, to dispose of their garbage and sacrifice animals.

The lake was last cleaned four years ago, when dozens of animal carcasses were dredged from its bottom, a councillor of the Los Salinas municipality told Bloomberg.

Related article: Financial Limits will Arrive Sooner if Oil Prices Remain High

Water from the lake is pumped into a 60-year-old treatment facility that lacks the adequate technology to clean it of the toxins and make it safe for drinking. Fernando Morales, an environmental chemistry professor at the Simon Bolivar University of Caracas, said that “the treatment process has not adapted to the steady degradation of the water source. I wouldn’t use this water at home.”

He explained that the utility’s water treatment systems were incapable of dealing with the level of contamination at the lake. The chlorine used would kill the bacteria, but not the viruses. In order to make the water safe for consumption, the viruses must be removed with molecular sieves and modern biological monitoring systems which do not exist in Venezuela.

The market for bottled water is booming, with families paying $4.80 for a five gallon jug of clean water, twice the price of gasoline.

Related article: Don’t for a Second Imagine We’re Heading for an Era of Renewable Energy

The water crisis really began with Hugo Chavez’s rise to power. In 1998 a year before his election as president, the state-owned water monopoly, Hidrocapital, had a yearly budget of $250 million, but in 2010 that had been reduced to just $9.7 million, according to the company’s former vice-president Norberto Bausson.

The socialist revolution supported by Chavez redirected the funds from the state-owned companies to be used in projects that helped to reduce poverty and widen access to education, health care and housing. 422,340 houses were built for Venezuela’s poor in the past two years, but all at the cost of basic services.

Venezuela has the world’s largest oil deposits, and eight times as much fresh water per capita than France, yet the country is suffering blackouts and a water crisis.

By. Charles Kennedy of Oilprice.com



Join the discussion | Back to homepage

Leave a comment
  • NDH Debate on January 13 2014 said:
    I just have a few questions? My first question is what kind of water filtration system is needed in this area? How much does this filtration system cost? How big is the system? How much water could be filtered per day? Hour? Could this save the area?
    If anyone could please answer these questions and email me at Gage.Nugent@gmail.com I would appreciate it so much!

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News