Instruct: Given a question, retrieve documents that can help answer the question.
Query: When was oil discovered in Venezuela?
Oil was discovered in producible quantities in Venezuela in 1914 at the town of Mene Grande in the east central part of the Maracaibo basin near a surface oil seep.
The independence movement for Venezuela began with the establishment of the Caracas Junta in 1810. After the Venezuelan Declaration of Independence in 1811, the provinces of Caracas, Cumaná, Barinas, Margarita, and the newly separated ones of Barcelona, Trujillo, and Mérida established a Republic of Venezuela, which claimed the area of the Captaincy General. The provinces of Maracaibo and Guayana, along with the city of Coro, rejected the republic, and after a year of war against the royalists, this First Republic collapsed. The provinces that had created the Venezuelan Republic were reconquered by Frigate Captain Domingo de Monteverde, who usurped power from the appointed Captain General Fernando Miyares. Because of this the Cádiz Cortes erected the Province of Maracaibo into a separate Captaincy General with Miyares at its head, but did ratify Monteverde as Captain General of the smaller Venezuela. During this period, the Province of Maracaibo elected a representative to the Cortes, José Domingo Rus, who served from March 3, 1812, to May 10, 1814, and continued to represent the province before the crown after Ferdinand VII abolished the Cortes. With Ferdinand VII's return, Venezuela was reunited in one captaincy general.
The First Republic of Venezuela ("Primera República de Venezuela" in Spanish) was the first independent government of Venezuela, lasting from July 5, 1811, to July 25, 1812. The period of the First Republic began with the overthrow of the Spanish colonial authorities and the establishment of the Junta Suprema de Caracas on April 19, 1810, initiating the Venezuelan War of Independence, and ended with the surrender of the republican forces to the Spanish Captain Domingo de Monteverde. The congress of Venezuela declared the nation's independence on July 5, 1811, and later wrote a constitution for it. In doing so, Venezuela is notable for being the first Spanish American colony to declare its independence.
News of Spanish losses in the 1808 Napoleonic Wars soon reached Latin America, but only on 19 April 1810 did the "cabildo" (city council) of Caracas decide to follow the example set by the Spanish provinces two years earlier. On 5 July 1811, seven of the ten provinces of the Captaincy General of Venezuela declared their independence in the Venezuelan Declaration of Independence. The First Republic of Venezuela was lost in 1812 following the 1812 Caracas earthquake and the Battle of La Victoria (1812). Simón Bolívar led an "Admirable Campaign" to retake Venezuela, establishing the Second Republic of Venezuela in 1813, but this did not last long either, falling to a combination of a local uprising and Spanish royalist reconquest.
Despite diplomatic protests from Venezuela, the government of Guyana awarded the American oil corporation Exxon a license to drill for oil in the disputed maritime area in early 2015. In May the government of Guyana announced that Exxon had indeed found promising results in their first round of drilling on the so-called Stabroek Block, an area offshore the Guayana Esequiba territory with a size of . The company announced that further drillings would take place in the coming months to better evaluate the potential of the oil field. Venezuela responded to the declaration with a decree issued on 27 May 2015, including the maritime area in dispute in its national marine protection sphere, thus extending the area that the Venezuelan Navy controls into the disputed area. This in turn caused the government of Guyana to summon the Venezuelan ambassador for further explanation. The tensions have further intensified since and Guyana withdrew the operating license of Conviasa, the Venezuelan national airline, stranding a plane and passengers in Georgetown.
In 2009, China entered into a partnership with Venezuela to launch a railway company in Venezuela which will be 40% controlled by the China Railways Engineering Corporation (CREC) and the remainder by Venezuela. Venezuela outlined the role of the venture as one which would link Venezuela's oil producing regions and agricultural farming areas. In September 2009 Venezuela announced a new $16bn deal with China to drill for oil in a joint venture with PDVSA to produce of extra heavy crude. Hugo Chavez stated that "In addition, there will be a flood of technology into the country, with China going to build drilling platforms, oil rigs, railroads, houses.". In September 2013, China decided to lend $50bn over 5 years to finance 201 housing projects in Venezuela.
Venezuela historiography recognizes four "republics," or major regime changes since the country was founded in 1811. The First Republic, known as the "Venezuelan Confederation" lasted until 1812. The Second Republic is the restored republican regime that was instituted by Simón Bolívar after his Admirable Campaign in 1813, and which lasted until 1814. The Third Republic refers to the period after 1816 in which various patriot guerrilla bands joined under Bolívar's leadership in the Llanos of Venezuela and set up an independent government. This process culminated in the Congress of Angostura, but shortly thereafter the Congress declared Venezuela to be part of a larger Gran Colombia. Gran Colombia lasted only a decade and at its dissolution Venezuela became once again the "Republic of Venezuela," which is considered the start of the Fourth Republic. In 1864 the country was then restructured into the "United States of Venezuela", before reverting once again to the name, "Republic of Venezuela" in 1953. Although both periods began with the implementation of new constitutions (the fourth and twenty-fourth constitutions, respectively), both have been deemed by Venezuelan historiography as a continuation of the Fourth Republic.
Historians use the name Third Republic of Venezuela to refer to the period from about 1817 to 1819, when a rump government, organized by Bolívar began functioning in the Venezuelan "Llanos". The year before, various Venezuelan guerilla forces managed to permanently establish themselves in the "Llanos" and captured the city of Angostura, which became their headquarters. This period culminated with the formation of the Congress of Angostura in 1819, which wrote a new constitution for Venezuela, replacing the one from 1811, which in theory, was still valid, although suspended since the collapse of the first republic in 1812. The congress decreed the union of Venezuela with New Granada in a new republic, known as "Gran Colombia", bringing an end to the Third Republic.
In 1933, the company was the first to use a reflection seismograph to help with finding hydrocarbons. The company was also a "pioneer" in deep offshore drilling. The first independent to drill offshore in the Gulf of Mexico and the first to find commercial deposits in the Gulf of Mexico, in 1938, the company constructed the first offshore oil platform off the coast of Louisiana in cooperation with Pure Oil, another independent producer. In the Gulf, Superior set consecutive records for the deepest-drilled well. The company also became the largest independent oil producer in the United States, and according to author Kevin Krajick, Keck "practically ran the oil-rich nation of Venezuela."
By 1910, significant oil fields had been discovered in the Dutch East Indies (1885, in Sumatra), Persia (1908, in Masjed Soleiman), Peru (1863, in Zorritos District), Venezuela (1914, in Maracaibo Basin), and Mexico, and were being developed at an industrial level. Significant oil fields were exploited in Alberta (Canada) from 1947.
First offshore oil drilling at Oil Rocks (Neft Dashlari) in the Caspian Sea off Azerbaijan eventually resulted in a city built on pylons in 1949.
Availability of oil and access to it, became of "cardinal importance" in military power before and after World War I, particularly for navies as they changed from coal, but also with the introduction of motor transport, tanks and airplanes. Such thinking would continue in later conflicts of the twentieth century, including World War II, during which oil facilities were a major strategic asset and were extensively bombed.
In 1938, vast reserves of oil were discovered in the Al-Ahsa region along the coast of the Persian Gulf.
In 1933, under Keck the company was the first to use a reflection seismograph to help with finding hydrocarbons. Keck was a "pioneer" in deep offshore drilling, and in 1938, the company constructed the first offshore oil platform off the coast of Louisiana. The first independent to drill offshore in the Gulf of Mexico, he was the first to find commercial deposits in the Gulf of Mexico, where he set consecutive records for the deepest-drilled well. Running his company like a "one-man machine," he kept control of the company's stock after it went public. The company also became the largest independent oil producer in the United States. According to author Kevin Krajick, Keck also "practically ran the oil-rich nation of Venezuela." Keck was an active stalwart of the oil lobby politically, in part through his attorney Harold Morton and lobbyist Monroe Butler. Upon his death in 1964, his son William M. Keck Jr. became Superior's chief executive officer, followed by leadership from his second son Howard. He served as chairman of Superior. At one point, his fortune was estimated at $160 million, and at the time of his death, he and his family owned 51 per cent of Superior's shares.
In 1427, São Miguel became the second of the islands discovered by Gonçalo Velho Cabral to be settled by colonists from continental Portugal. This date is uncertain, as it is believed that the island was discovered between 1426 and 1437 and inscribed in portolans from the middle of the 14th century. Its discovery was later recorded by Father Gaspar Frutuoso in the seminal history of the Azores, "Saudades da Terra", as he began: ""This island of São Miguel where...we are, is mountainous and covered in ravines, and it was, when we discovered it, covered in trees...due to its humidity, with its water showers and ravines warm with sun...""
Canaima National Park is spread over 30,000 square kilometers to the border with Guayana Esequiba reclamation area now Guyana and Brazil, for its size is considered the world's sixth largest national park. About 65% of the park is occupied by rock plateaus called tepuis. These are a unique biological environment, also presenting a great geological interest. Its steep cliffs and waterfalls (including Angel Falls, which is the highest waterfall of the world, 1,002 m) are spectacular sceneries.Venezuela has many beaches of calm waters and for extreme sports. Besides those already mentioned, most famous sites for its beauty its are:South of Venezuela in the states Bolivar, Amazonas and Delta Amacuro begins the Amazon rainforest, the largest rainforest and the largest nature reserve in the world. This area of the country has great tourism value, because there is the Angel Falls, the highest waterfall of the world; savannah, rivers, forests and tepuis form a ecotourism that has not yet been truly exploited, it is necessary that the national government to promote plans to turn over this Venezuelan soil an essential point for ecotourism in this part of the world.
In the Pacific Ocean, Jorge de Menezes (c. 1498–?), discovered Papua New Guinea. García Jofre de Loaísa (1490–1526), discovered the Marshall Islands. Explorations of the Americas began with the initial discovery of America by Christopher Columbus (1451–1506), who led a Castilian (Spanish) expedition across the Atlantic, discovering America. After the discovery of America by Columbus, a number of important expeditions were sent out to explore the Western Hemisphere. This included Juan Ponce de León (1474–1521), who discovered and mapped the coast of Florida; Vasco Núñez de Balboa (c. 1475–1519), who was the first European to view the Pacific Ocean from American shores (after crossing the Isthmus of Panama) confirming that America was a separate continent from Asia; Aleixo Garcia (14?–1527), who explored the territories of present-day southern Brazil, Paraguay and Bolivia, crossing the Chaco and reaching the Andes (near Sucre).
Angola is a country in southwestern Africa. The country's name derives from the Kimbundu word for king.. It was first settled by San hunter-gatherer societies before the northern domains came under the rule of Bantu states such as Kongo and Ndongo. From the 15th century, Portuguese colonists began trading, and a settlement was established at Luanda during the 16th century. Portugal annexed territories in the region which were ruled as a colony from 1655, and Angola was incorporated as an overseas province of Portugal in 1951. After the Angolan War of Independence, which ended with an army mutiny and leftist coup in Lisbon, Angola's independence was achieved on November 11, 1975 through the Alvor Agreement. After independence, Angola later entered a period of civil war that lasted up until 2002.
President Evo Morales, of poor but natural gas-rich Bolivia, joined the TCP on 29 April 2006, only days before he announced his intention to nationalize Bolivia's hydrocarbon assets. Bolivia is a member of both UNASUR and ALBA, thus its attitude is crucial to relations between the two, says Marion Hörmann, since Bolivia is traditionally seen as a mediator between the Andean countries and the rest of South America. . 
Venezuela and Ecuador are also members of UNASUR.
Superior Oil Company (1921–1984) was an independent American oil company that is now part of ExxonMobil. Founded in 1921 in Coalinga, California, by William Myron Keck, Superior Oil began as a drilling contracting firm and grew into the exploration and production of oil and natural gas. In 1930 the company was the first to successfully use directional drilling in California. Moving to Houston, Texas, by 1931 the company had wells in Texas, Oklahoma, Nebraska, Louisiana and Venezuela. In 1938, the company constructed the first offshore oil platform off the coast of Louisiana in the Gulf of Mexico. In the 1970s, Superior Oil was involved in the oil shale industry developing the Superior multimineral process. In September 1984 the company, then based in Houston, became a wholly owned subsidiary of Mobil.
In the second half of the 20th century, oil shale production ceased in Canada, Scotland, Sweden, France, Australia, Romania, and South Africa due to the low price of oil and other competitive fuels. In the United States, during the 1973 oil crisis businesses expected oil prices to stay as high as US$70 a barrel, and invested considerable sums in the oil shale industry. World production of oil shale reached a peak of 46 million tonnes in 1980. Due to competition from cheap conventional petroleum in the 1980s, several investments became economically unfeasible. On 2 May 1982, known as ""Black Sunday"", Exxon canceled its US$5 billion Colony Shale Oil Project near Parachute, Colorado because of low oil-prices and increased expenses. Because of the losses in 1980s, companies were reluctant to make new invests in shale oil production. However, in the early 21st century, USA, Canada and Jordan were planning or had started shale oil production test projects, and Australia was considering restarting oil shale production.
Regional civil wars broke out in 1910 and lasted until 1920, known generally as the Mexican Revolution. Following the military phase of the Revolution, Mexican regimes attempted to "transform a largely rural and backward country … into a middle-sized industrial power." The Mexican Constitution of 1917 gave the Mexican government the power to expropriate property, which allowed for the distribution of land to peasants, but also the Mexican oil expropriation in 1938. Mexico benefited economically from its participation in World War II and the post-war years experienced what has been called the Mexican Miracle (ca. 1946–1970). This growth was fueled by import substitution industrialization. The Mexican economy experienced the limits of ISI and economic nationalism and Mexico sought a new model for economic growth. Huge oil reserves were discovered in the Gulf of Mexico in the late 1970s and Mexico borrowed heavily from foreign banks with loans denominated in U.S. dollars. When the price of oil dropped in the 1980s, Mexico experienced a severe financial crisis.
In 1761, Russian polymath Mikhail Lomonosov observed an arc of light surrounding the part of Venus off the Sun's disc at the beginning of the egress phase of the transit and concluded that Venus has an atmosphere. In 1940, Rupert Wildt calculated that the amount of CO in the Venusian atmosphere would raise surface temperature above the boiling point for water. This was confirmed when Mariner 2 made radiometer measurements of the temperature in 1962. In 1967, Venera 4 confirmed that the atmosphere consisted primarily of carbon dioxide.
Oil shale is an organic-rich fine-grained sedimentary rock containing kerogen (a solid mixture of organic chemical compounds) from which liquid hydrocarbons can be produced, called shale oil (not to be confused with tight oil—crude oil occurring naturally in shales). Shale oil is a substitute for conventional crude oil; however, extracting shale oil from oil shale is more costly than the production of conventional crude oil both financially and in terms of its environmental impact. Deposits of oil shale occur around the world, including major deposits in the United States. A 2016 estimate of global deposits set the total world resources of oil shale equivalent of of oil in place.
It did not take much geological expertise to know that Venezuela had large petroleum deposits, because the petroleum oozed out from seeps all over the country and an asphalt lake had formed naturally. Venezuelans themselves had tried to extract oil for a small hand-pumped refinery early in the 20th century. When word spread internationally of Venezuela's oil potential, representatives of large foreign companies came to the country and started lobbying for rights of exploration and exploitation, and Gómez established the concessionary system. Venezuela had inherited from Spain the law that the ground surface—presumably, as deep as a plow or a water well went—could belong to individuals but everything under the soil was state property. Thus, Gómez began to grant huge concessions to family and friends. Any one who was close to Gómez eventually would become rich in one way or another. Gómez himself accumulated immense expanses of grasslands for cattle-raising, which had been his original occupation and was a lifelong passion. The Venezuelan concessionaires leased or sold their holdings to the highest foreign bidders. Gómez, who didn’t trust industrial workers or unions, refused to allow the oil companies to build refineries on Venezuelan soil, so these were built them in the Dutch islands of Aruba and Curaçao. The one in Aruba was for a time the second largest in the world, after the one in Abadan, Iran. Although the Venezuelan oil boom started around 1918, the year when oil first figured as an export commodity, it took off when an oil well called Barroso blew a spout that threw up an average of the equivalent to 100,000 barrels a day. It took five days to bring the flow under control. By 1927, oil was Venezuela's most valuable export and by 1929 Venezuela exported more oil than any other country in the world.
Venezuela is a federal republic located on the northern coast of South America. Oil was discovered in the early 20th century and, today, Venezuela has the world's largest known oil reserves and has been one of the world's leading exporters of oil. Previously an underdeveloped exporter of agricultural commodities such as coffee and cocoa, oil quickly came to dominate exports and government revenues. The 1980s oil glut led to an external debt crisis and a long-running economic crisis. Inflation peaked at 100% in 1996 and poverty rates rose to 66% in 1995 as (by 1998) per capita GDP fell to the same level as 1963, down a third from its 1978 peak. The recovery of oil prices in the early 2000s gave Venezuela oil funds not seen since the 1980s. A destabilized economy led to a crisis in Bolivarian Venezuela, resulting in hyperinflation, an economic depression, shortages of basic goods and drastic increases in poverty, disease, child mortality, malnutrition, and crime.
As Minister of Mines and Hydrocarbons during the second democratic government of Venezuela of president Rómulo Betancourt (1959–1964), he was responsible for the creation of OPEC (Organization of Petroleum Exporting Countries) for the purpose of rationalizing and thereby increasing oil prices in the world market. Triggered by a 1960 law instituted by US President Dwight Eisenhower that forced quotas for Venezuelan oil and favored Canada and Mexico's oil industries, Perez Alfonzo (also known as the Father of OPEC) reacted seeking an alliance with oil producing Arab nations to protect the continuous autonomy and profitability of Venezuela's oil (among other reasons), establishing a strong link between the South American nation and the Middle East region that survives to this day. His extensive notes of the TRC methods for regulation of production to maximize recovery served him well both in Venezuela and later when he took them translated into Arabic to the Cairo meeting that served as launching platform for OPEC, where Wanda Jablonski introduced him to then minister of petroleum of Saudi Arabia, Abdullah Tariki, co-founder of OPEC.
Oil was discovered in the early 20th century, and today, Venezuela has the world's largest known oil reserves and has been one of the world's leading exporters of oil. Previously, the country was an underdeveloped exporter of agricultural commodities such as coffee and cocoa, but oil quickly came to dominate exports and government revenues. The 1980s oil glut led to an external debt crisis and a long-running economic crisis. Inflation peaked at 100% in 1996 and poverty rates rose to 66% in 1995 as (by 1998) per capita GDP fell to the same level as 1963, down a third from its 1978 peak. The recovery of oil prices in the early 2000s gave Venezuela oil funds not seen since the 1980s. The Venezuelan government under Hugo Chavez then established populist social welfare policies that initially boosted the Venezuelan economy and increased social spending, temporarily reducing economic inequality and poverty in the early years of the regime. However, such populist policies later became inadequate, causing the nation's collapse as their excesses—including a uniquely extreme fossil fuel subsidy—are widely blamed for destabilizing the nation's economy. The destabilized economy led to a crisis in Bolivarian Venezuela, resulting in hyperinflation, an economic depression, shortages of basic goods and drastic increases in unemployment, poverty, disease, child mortality, malnutrition and crime. By 2017, Venezuela was declared to be in default regarding debt payments by credit rating agencies. In 2018, the country's economic policies led to extreme hyperinflation, with estimates expecting an inflation rate of 1,370,000% by the end of the year.
Venezuela is a charter member of the UN, OAS, UNASUR, ALBA, Mercosur, LAIA and OEI.