– Venezuela’s Oil Production On The Brink Of Collapse.

Daily Profit Shared To Members As Per Their Investments!
Use the benefits of a relevant portfolio of investments. Join here: Questra: https://atlanticgam.es/partner=P09201493430171

http://www.brotherjohnf.com/venezuelas-oil-production-brink-collapse/ – Venezuela’s Oil Production On The Brink Of Collapse. —

zerohedge.com / by Nick Cunningham via OilPrice.com / May 18, 2017

Desperation is spreading in Venezuela as violent protests continue to paralyze the country, further damaging the country’s shattered economy. Venezuela’s already-decrepit oil industry is deteriorating by the day, and an outright implosion is no longer out of the question.

The inflation rate, according to the IMF, will balloon to 720 percent this year. Food shortages have been common for quite some time, but are deepening and wearing down the population. Three out of four people surveyed by the WSJ reported involuntary weight loss last year. Hospitals have completely broken down.

Venezuela has been crippled by protests since late March, with more than three dozen people having been killed over the past two months, and there is no sign of improvement. This meltdown is taking a toll on Venezuela’s oil production, the last thing keeping the country from becoming a failed state. Venezuela’s oil production has been declining for more than a decade, mainly because oil revenues are used to finance the government, leaving little for state-owned PDVSA to reinvest in its operations.

READ MORE

The post Venezuela’s Oil Production On The Brink Of Collapse appeared first on Silver For The People.

–(Published @ May 19, 2017 at 08:50AM by www.bitcoins.am™ Instant Real-time Bitcoin News Aggregation Source- From: ) #bitcoinnews

Venezuela’s Oil Production On The Brink Of Collapse – Silver For The People
www.brotherjohnf.com
 

 Bitcoin News- www.bitcoins.am
 Posted on Facebook
 Blogged by Blo.gl
 Indexed in Google
 

Get a great marketing system from Markethive for free
Join Markethive here: http://markethive.com/magistral/

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.