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Norberto Paredes

๐Ÿ‘ค Speaker
24 total appearances

Appearances Over Time

Podcast Appearances

Marketplace All-in-One
The devil's in the details of the U.S.-India trade deal

Maracaibo is the oil heartland of the country with the largest pullman reserves in the world

Marketplace All-in-One
The devil's in the details of the U.S.-India trade deal

This city is not what it used to be.

Marketplace All-in-One
The devil's in the details of the U.S.-India trade deal

The colonial-style buildings, brightly painted in tropical colors, have faded and cracked.

Marketplace All-in-One
The devil's in the details of the U.S.-India trade deal

The streets are full of potholes and very quiet.

Marketplace All-in-One
The devil's in the details of the U.S.-India trade deal

Maracaibo used to be the wealthy heart of Venezuela's old boom, but decades of mismanagement have hit it hard.

Marketplace All-in-One
The devil's in the details of the U.S.-India trade deal

Now it feels like a symbol of a country that has declined.

Marketplace All-in-One
The devil's in the details of the U.S.-India trade deal

People here are desperate for the political stability and the investment to bring Maracaibo back to life.

Marketplace All-in-One
The devil's in the details of the U.S.-India trade deal

Getting ready for a trip out on the city's lake, these fishermen are being hit by both the economic downturn and the pollution caused by the decaying oil industry.

Marketplace All-in-One
The devil's in the details of the U.S.-India trade deal

Carlos used to be able to pull in big catches.

Marketplace All-in-One
The devil's in the details of the U.S.-India trade deal

Despite the removal of his president by Donald Trump, he's ready for American investment and the oil to start flowing once more.

Marketplace All-in-One
The devil's in the details of the U.S.-India trade deal

In a nearby neighborhood, 93-year-old Jose is talking about his old job at the state-owned oil company.

Marketplace All-in-One
The devil's in the details of the U.S.-India trade deal

He's keen to show us a special edition Dodge car he bought in the boom years of the 1970s.

Marketplace All-in-One
The devil's in the details of the U.S.-India trade deal

But like many of the homes here, it's now a faded reminder of how things used to be.

Marketplace All-in-One
The devil's in the details of the U.S.-India trade deal

Everything has changed.

Marketplace All-in-One
The devil's in the details of the U.S.-India trade deal

The streets in this area could be straight out of a 1960s American suburb International oil companies, many with US links, built whole neighborhoods for the workers But today, many of these houses stand empty and some have been looted

Marketplace All-in-One
The devil's in the details of the U.S.-India trade deal

Analysts say it could take tens of billions of dollars and potentially a decade to restore Venezuela's oil output to what it once was.

Marketplace All-in-One
The devil's in the details of the U.S.-India trade deal

There is still uncertainty over the U.S.

Marketplace All-in-One
The devil's in the details of the U.S.-India trade deal

's long-term plans.

Marketplace All-in-One
The devil's in the details of the U.S.-India trade deal

Juan Romero is a local member of parliament for the governing Socialist Party.

Marketplace All-in-One
The devil's in the details of the U.S.-India trade deal

He says there is still anger over the U.S.

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