No joke,Venezuela can’t afford to export oil

The “I told you so” meme is becoming really tiring.

Beyond the obvious environmental risks, it’s doubly bad news for Venezuela, a country in dire economic straits and full-fledged crisis, with a political impasse, looting, dangerous food and health supply shortages, and massive protests. Venezuela is massively reliant on oil exports to bankroll government services. But the cash-strapped country can’t even find the money to service the vessels that carry its exports. And Venezuela needs the exports to get the cash to service the vessels. It’s a vicious circle.

Source: http://foreignpolicy.com/2017/01/26/venezuela-is-so-broke-it-cant-even-export-oil/?utm_content=bufferf49a1&utm_medium=social&utm_source=facebook.com&utm_campaign=buffer

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