Fuel shortage and lockdowns are reigniting the regime’s controlling instincts—and overwhelming the people’s capacity for survival
The collapse of WTI means one thing for the regular energy market and another thing for what’s left of the Venezuelan oil industry
Oil for May delivery is worth less than nothing. For the first time in a hundred years, Venezuela is staring down a future with no oil income. I’m sure it won’t be missed.
Fuel shortage is one of the reasons COVID-19 will hit Venezuela hard, because it increases the already heavy food insecurity. In the countryside, what’s left of production is stopping.
Applying social distancing measures to slow the spread of COVID-19 is the right way to go. The thing is, it’ll devastate what remains of the Venezuelan economy.
There’s a weird vibe in Caracas of economic improvement, with shortages slowly disappearing. But if you go past the surface of the incipient upgrades, you’ll see we’re far from real, stable development.
We know that several thousand children are malnourished. How do we avoid a self-fulfilling prophecy?
HRW has just expressed its concern about “amputations and other horrific abuses” by local armed groups and Colombian guerrillas in the Orinoco Mining Arc.
With the growing unofficial dollarization of the Venezuelan economy, most transactions in the poorer areas are done through foreign currency. This has generated a sense of prosperity in the capital, but it’s also one of the reasons the gap in social inequality has grown.
The ANC is looking to modify the VAT law to tax transactions in dollars. What does this mean?
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