CNBC | Venezuela's oil industry is 'sitting on a volcano' as crisis escalates CNBC The deteriorating security situation in Venezuela has opened more pathways to a potential collapse of the nation's lifeblood oil industry, experts say. Last month, leftist President Nicolas Maduro installed a new constituent assembly empowered to ... Special Report: Vladimir's Venezuela - Leveraging loans to Caracas, Moscow snaps up oil assets Threat of Venezuelan Oil Ban Pits Oil Boss Hamm Against Refiners Venezuela's Crisis: Is It The Long Awaited Catalyst For Higher Oil |