Caribbean Plate 1843 in this region are possibly megathrust earthquakes. Along the geologically complex southern boundary, the Caribbean Plate interacts with the South American Plate forming Barbados, Trinidad and Tobago (all on the Caribbean Plate), and islands off the coast of Venezuela (including the Leeward Antilles) and Colombia. This boundary is in part the result of transform faulting along with thrust faulting and some subduction. The rich Venezuelan petroleum fields possibly result from this complex plate interaction. The Caribbean plate is moving eastward about 22 millimeters per year in relation to the South American plate. In Venezuela much of the movement between
Margarita Island Margarita Island Margarita Island (, ) is the largest island in the Venezuelan state of Nueva Esparta, situated off the northeastern coast of the country, in the Caribbean Sea. The capital city of Nueva Esparta, La Asunción, is located on the island. Primary industries are tourism, fishing and construction. Christopher Columbus was the first European to arrive on Margarita Island in 1498. The local natives were the Guaiqueries people. The coast of the island was abundant in pearls, which represented almost a third of all New World tribute to the Spanish Crown. Margarita Island was fortified against the increasing threat