It is no secret that socialism always ends in food shortages
and bankruptcy. In Venezuela, they have run out of other people's money. The
country will go bankrupt in 2017. What you may not know is that Venezuela has
20% of the global oil reserves, and it sends its oil to the United States for
refining. In 2016, it exported 2.15 million barrels a day. This, too, is
dropping rapidly. The country can no longer pay wages, keep the lights on, or
afford to pump. This oil will have to be replaced. Even though it isn't what it
used to be, Venezuela’s oil production (2.2 mb/d) is considerable, and any
stoppage will send prices higher. More…
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