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International Business Times
International Business Times
Business
Patrick FORT

Oil-tainted Lake A Symptom, And Symbol, Of Venezuela's Collapse

A fisherman with boots covered in oil stands on a contaminated shore of Lake Maracaibo in Venezuela, on July 11, 2024 (Credit: AFP)

A putrid smell hangs over the black-stained shores of Lake Maracaibo in Venezuela, where an oil slick is emblematic of the steep decline in the country's once-enviable petroleum industry.

Here, much like elsewhere in what was once Latin America's richest country, economic hardship drives much of the discussion ahead of July 28 elections, in which President Nicolas Maduro will seek a third six-year term.

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