The past few months have been a nightmare for economies that rely on oil. After the coronavirus pandemic sent prices plummeting, finance ministries had to triage planned revenue, major social and infrastructure projects were put on hold or aborted altogether, and the public started to lose its temper. All available evidence would suggest that oil-dependent […]
Why Venezuela’s Maduro Isn’t Worse Off Than He Is
With oil prices so low for the past few months, you’d think that the Maduro government was ready to fall.
