As Venezuela continues its ungraceful careen off the cliff, few opportunities are left for the Latin American country to save itself from disaster. One such opportunity would be for the socialist nation to give up control of its oil industry to a foreign entity. And rumor has it that Venezuela is indeed considering such a drastic move, according to people close to the action. How successful and practical is this solution, and who would be the likely takers? Drastic Times, Drastic Measures Selling off your country’s main source of income may seem like poor judgement. But after Venezuela has plundered its state-run oil company, Petroleos de Venezuela S.A. (PDVSA) to the brink of ruin and US stifled what little oil-revenue-generating activity remained, Venezuela doesn’t have many moves left. The state of Venezuela has gone beyond drastic and into catastrophic. And ironically enough, the main source of Venezuela’s woes, aside […]