Free Republic

Venezuela's new petroleum minister sees her South American home not as a dilapidated former oil giant, but as an emerging energy economy ripe for U.S. and foreign investments in new oil and gas exploration, both onshore and offshore. Paula Henao, who took over as the hydrocarbons minister in March after the forced U.S. removal of former leader Nicolás Maduro, told an overflowing Houston energy audience on Wednesday that Venezuela is much more than just its famed heavy-grade crude oil. There are more than 916 exploration opportunities awaiting foreign investment, she said, including natural gas and other untapped oil basins. She...

Juan Pablo Escobar Henao, son of notorious Medellín cartel drug kingpin, Pablo Escobar, now says his father “worked for the CIA.” In a new book, “Pablo Escobar In Fraganti,” Escobar, who lives under the pseudonym, Juan Sebastián Marroquín, explains his “father worked for the CIA selling cocaine to finance the fight against Communism in Central America.” “The drug business is very different than what we dreamed,” he continues. “What the CIA was doing was buying the controls to get the drug into their country and getting a wonderful deal.” “He did not make the money alone,” Marroquín elaborated in an...