Home

The drop in oil prices is hurting countries that rely on oil revenues. The greater their reliance, the greater their hurt. Venezuela gets 96% of its export income from oil. The economy 60% inflation. The government has instituted controls that are unsustainable. Even food, drugs, and banks are so inaccessible that wait lines take hours requiring some to pay others to stand in line for them. The longer oil prices are down, the more unstable the situation becomes.

“Shortages In Venezuela Make Standing In Line A Full-Time Job” – Fusion

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s