FILE - In this Aug. 10, 2006 file photo, former Venezuelan President Hugo Chavez visits oil workers on the platform of an oil drill at Carabobo block one, in the Orinoco oil belt in Venezuela's Anzoategui state. Caribbean governments began signing on to Petrocaribe, a trade program created by the late President Chavez, in 2005 as a spike in oil prices sent energy and car-fuel costs soaring. Venezuela, which created the program as part of an effort to counter U.S. influence in the region, provides oil and refined products such as diesel at market prices, allowing the member countries to pay only a small portion of the cost up front, allowing them to finance the rest under generous long-term debt agreements, as well as to barter for agricultural products or services.
FILE - In this Aug. 10, 2006 file photo, former Venezuelan President Hugo Chavez visits oil workers on the platform of an oil drill at Carabobo block one, in the Orinoco oil belt in Venezuela's Anzoategui state. Caribbean governments began signing on to Petrocaribe, a trade program created by the late President Chavez, in 2005 as a spike in oil prices sent energy and car-fuel costs soaring. Venezuela, which created the program as part of an effort to counter U.S. influence in the region, provides oil and refined products such as diesel at market prices, allowing the member countries to pay only a small portion of the cost up front, allowing them to finance the rest under generous long-term debt agreements, as well as to barter for agricultural products or services. Anonymous AP
FILE - In this Aug. 10, 2006 file photo, former Venezuelan President Hugo Chavez visits oil workers on the platform of an oil drill at Carabobo block one, in the Orinoco oil belt in Venezuela's Anzoategui state. Caribbean governments began signing on to Petrocaribe, a trade program created by the late President Chavez, in 2005 as a spike in oil prices sent energy and car-fuel costs soaring. Venezuela, which created the program as part of an effort to counter U.S. influence in the region, provides oil and refined products such as diesel at market prices, allowing the member countries to pay only a small portion of the cost up front, allowing them to finance the rest under generous long-term debt agreements, as well as to barter for agricultural products or services. Anonymous AP

Americas

With Venezuela facing tough economic times, Caribbean leaders head to Washington for energy talk

January 25, 2015 2:53 PM

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