Thursday, April 7, 2016

Venezuela's Electricity Crisis Escalates

Venezuela's President Nicolas Maduro (L) waves next to Diosdado Cabello, deputy of Venezuela's United Socialist Party (PSUV), during the broadcast of his weekly TV program ''Hitting with the Sledge Hammer'' in Caracas in this handout picture provided by Miraflores Palace. REUTERS/MIRAFLORES PALACE/HANDOUT VIA REUTERS

Reuters: Venezuela decrees Fridays a holiday to ease energy crisis

Venezuela's President Nicolas Maduro has decreed that all Fridays for the next two months will be holidays, in a bid to save energy in the blackout-hit OPEC country.

"We'll have long weekends," Maduro said in an hours-long appearance on state television on Wednesday night, announcing the measure as part of a 60-day plan to fight a power crunch.

A severe drought, coupled with what critics say is a lack of investment and maintenance in energy infrastructure, has hit the South American nation, which depends on hydropower for 60 percent of its electricity.

Venezuela's opposition slammed the new four-day work week as reckless in the face of a bitter recession, shortages of foods and medicines, and triple-digit inflation.

Read more ....

Update #1: Venezuela Orders Long Weekends to Stave off Power Crisis -- AP
Update #2: Venezuela Declares Every Friday a Holiday to Save Electricity -- Bloomberg

WNU Editor: They are blaming the weather, but it is the infrastructure (or lack of investment and maintenance) coupled with corruption and mismanagement that is causing this crisis.

1 comment:

Unknown said...

Corruption in communism? Who would of thunk it?

I know of Poly sci majors who said Communism was perfect except it did not take into account human nature. They were sincere.

Remember the true story for the "The Hunt for Red October"


I reality a Soviet frigate was comamndeered by a political officer