Venezuela’s oil production is collapsing. More than half of the nation’s oil production brings little to no revenue while exports to the U.S., the main source of cash, are dwindling. U.S. sanctions, full blown default, and labor unrest could make things even worse.
from Forbes Real Time https://www.forbes.com/sites/thebakersinstitute/2018/01/24/the-death-spiral-of-venezuelas-oil-sector-what-if-anything-can-be-done-about-it/
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