And if Maduro can’t even export the oil Venezuela has, no increase in prices will save him. In other words, even Venezuela’s oil needs oil in order to make money. Read more:U.S. intelligence officials: Venezuela could be headed for collapseVenezuela declares a 2-day workweek because of dire energy shortagesFellow leftist leader calls Venezuela’s president ‘crazy like a goat’ But Maduro’s hole is a deep one, and it’s not clear how much oil prices need to rise to pull him out of it. The political opposition continues to struggle to draw large crowds to its marches as it attempts to channel the food lines into a protest movement.
Source: Washington Post June 03, 2016 10:01 UTC