In a testament to the efficiency of socialism, leftist-run Venezuela has long prided itself on selling its citizens the world's cheapest gasoline... that is when it has gasoline to sell.
While fuel supplies in the country with the world's largest proven oil reserves...
Authored by Nick Cunningham via OilPrice.com,
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.
While shortages of basic foods, medicines, and toilet paper may be a major societal problem, the people of Venezuela face an even more existential problem: the nation now lacks the materials to meet the soaring demand for new passports – making it almost impossible to leave the socialist utopia.
"People used to move to Venezuela from all over the Americas, Europe and Asia and now they are all trying to leave," Sonia Schott, the former Washington, D.C., correspondent for Venezuelan news network Globovisión, told Fox News.
A new study conducted by three universities in Venezuela sheds new light on just how dire the food shortages are in Maduro's failed Socialist utopia. Called ENVOVI, the living conditions survey found that 75% of Venezuelans lost "an average of at least 19 pounds" in 2016 due to food shortages. Per UPI:
Venezuela's Living Conditions Survey found that nearly 75 percent of the population lost an average of at least 19 pounds in 2016 due to a lack of proper nutrition amid an economic crisis.
CNN has been unceremoniously kicked out of Venezuela following a fake news report about President Maduro allegedly selling passports to terrorists in the Middle East. According to the Venezuelan government, CNN deliberately tried to bring down the government in Venezuela, taking advantage of the economic instability and heightened political tension in the country.