Crisis in Venezuela
#11
Well, there's more to this occurring than just who's in control. The problem stems from two main sources, first the lack of building up any other revenue stream for the country outside of commodities (oil in this case) and secondly the fact that the Saudis (which are browbeating OPEC right now) to keep pumping like crazy has dropped the price of oil so much that Venezuela (and a few others) has lost its main revenue stream (they've been screaming to cut back on oil production). The former is the real travesty here, the prior governments didn't adequately prepare (by getting other ways to bring in revenue) and it's killing the Venezuela economy.

So, Venezuela isn't going to recover any time soon until the Saudis start lowering the amount of oil that needs to be pumped out of the ground. And then, Venezuela's government is going to have to take the oil revenue and start creating other revenue streams so this kind of situation doesn't happen again.
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Messages In This Thread
Crisis in Venezuela - by kandrathe - 05-18-2016, 04:47 PM
RE: Crisis in Venezuela - by Jester - 05-19-2016, 06:47 AM
RE: Crisis in Venezuela - by Alram - 05-20-2016, 03:35 PM
RE: Crisis in Venezuela - by Jester - 05-23-2016, 09:54 AM
RE: Crisis in Venezuela - by kandrathe - 05-23-2016, 02:42 PM
RE: Crisis in Venezuela - by Jester - 05-23-2016, 03:03 PM
RE: Crisis in Venezuela - by kandrathe - 05-23-2016, 03:29 PM
RE: Crisis in Venezuela - by FireIceTalon - 05-22-2016, 09:07 PM
RE: Crisis in Venezuela - by kandrathe - 05-26-2016, 07:00 PM
RE: Crisis in Venezuela - by kandrathe - 06-07-2016, 06:21 PM
RE: Crisis in Venezuela - by Lissa - 06-07-2016, 09:08 PM
RE: Crisis in Venezuela - by Alram - 06-08-2016, 04:17 PM
RE: Crisis in Venezuela - by eppie - 06-12-2016, 04:47 PM

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