ECOLOGY
ENVIRONMENTAL ISSUES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Carbon Dioxide
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Acid Rain
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Toxic Sludge
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Widespread Panic
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Detailed explanation-1: -But after Hugo Chavez came to power in 1999, he ordered all private oil companies to merge with PDVSA and made the state institution the majority shareholder. From then on, the industry was hit by corruption, poor decision-making, problems with maintenance and aging equipment, and later financial sanctions.
Detailed explanation-2: -The consequences of Venezuela’s crumbling oil infrastructure are both varied and severe. These include coastal spills that have proven devastating to marine biodiversity, as well as inland pipeline ruptures and unrestricted flaring that produces vast amounts of harmful gasses.
Detailed explanation-3: -Venezuela has the world’s largest oil reserves at more than 303 billion barrels. Venezuela and Colombia are the fourth and fifth-largest oil producers in Latin America.