Help us to disseminate news On Venezuela

Russia's Putin may meet Venezuela's Maduro

Friday, March 24, 2017

Venezuela In Dire Straits As Oil Production Falls Further


Venezuela’s economic crisis continues to deepen. The South American OPEC member is thought to be sitting on nearly 300 billion barrels of oil, far more than any other country in the world, including Saudi Arabia (estimated at 268 billion barrels). But the economy has been in freefall for several years, with conditions continuing to deteriorate. The economic crisis has morphed into a full-blown humanitarian disaster. Just this week the Wall Street Journal reported on Venezuelan women traveling to neighboring Colombia to give birth because the state of Venezuela’s hospitals are horrific, with shortages of medical supplies and trained staff. Infant mortality is worse than in war-ravaged Syria. Food and other essential items are also painfully scarce, leading to long lines at shops. Tensions run high because there is not enough to go around. More…

No comments:

Post a Comment