REUTERS/Carlos Garcia Rawlins
Business Insider: Venezuela's oil industry is bleeding — and its collapse could mark the end of President Nicolas Maduro
President Nicolas Maduro is widely seen as winning reelection this month — the Venezuelan government has been accused of rigging elections in the past.
But some experts don't see Maduro holding power past 2018, even if he is reelected.
A collapsing oil industry could lead to Maduro being overthrown.
Given the far reaching grasp of the Venezuelan government, there's a good chance President Nicolas Maduro will hold power through 2018 — but after the presidential election could be a different story.
A crumbling economy has plunged Venezuela deep into a humanitarian crisis, with hundreds of citizens fleeing to neighboring countries each day. And under a leader who has already inspired regular and heated protests by its citizens, some experts think it could be the tipping point for overthrowing the regime.
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More News On The Ongoing Crisis In Venezuela
Dentists, soldiers mix cocktails to leave crisis-hit Venezuela -- Reuters
Exclusive: Venezuela faces heavy bill as grace period lapses on China loans - sources -- Reuters
Colombia aid groups under strain as Venezuela crisis spills over -- Devex
'Their Country Is Being Invaded': Exodus of Venezuelans Overwhelms Northern Brazil -- New York Times
Why Oil Sanctions Against Venezuela No Longer Make Sense -- Council On Foreign Relations
ConocoPhillips wins $2 billion arbitration against Venezuela -- AP
Venezuela's Inflation Is So Extreme It's Broken the Stock Market -- Bloomberg
Venezuela's Hyperinflation And The IMF's Faulty Forecasts -- Forbes
2 comments:
Good the bus driver / union head can flee to Cuba.
I think that is the only country that will have them and they will quickly sour on him.
Venezuela has propped up Cuba financially. Without Venezuela providing oil to Cuba and previously employed Cubans in Venezuela coming home what is a 2nd generation communist to do El Presidente Diaz-Canal.
Stalwart party members coming back to Cuba from Venezuela might well be like bile. No one is going to give up their job tom accommodate them. The faithful will turn.
:)
Raul is 86.
Soon Diaz-Canal all alone.
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