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Venezuela’s Vast Oil Wealth Could Become The World’s Largest Stranded Asset VR

Venezuela’s Vast Oil Wealth Could Become The World’s Largest Stranded Asset

Venezuela’s petroleum output has collapsed due to political strife, sanctions, and corruption.  Donald Trump’s 2019 sanctions cut Caracas off from global markets, nearly bankrupting the country. Continuing challenges could lead to Venezuela’s vast oil reserves becoming the world’s largest stranded asset. President Joe Biden’s decision to authorize U.S. supermajor Chevron…
bubmag
January 17, 2023
The Chevrolet Corvette E-Ray Is A 646bhp AWD Hybrid Supercar, Hits 60mph In 2.5s VR

The Chevrolet Corvette E-Ray Is A 646bhp AWD Hybrid Supercar, Hits 60mph In 2.5s

The C8 has gone part-electric for the ‘Vette’s 70th birthday, pairing the Stingray’s naturally-aspirated V8 with an electric motor The long-awaited Chevrolet Corvette E-Ray is here, but it does things a little differently from other hybrid supercars. First off, there ain’t no engine downsizing going on here - in stark…
bubmag
January 17, 2023