GREETINGS TO ALL AND WELCOME ONCE AGAIN TO MY BLOG !!!
On this occasion I have decided to continue with what will be a new section of the blog, as you can see in the title, we will be talking a little about the crisis situation that Venezuela is going through, always from my point of view and. The subject of today's post will be The Oil and how it affects the Venezuelan economy, so, without further do, let's begin.
As many of you may know, Venezuela is the country with the biggest oil reserves in the world, the export of crude means more than the 95% of its profits. A couple of years ago the price of crude oil was around $ 100 per barrel, but immediately the price of crude began to drop significantly, this was so important that the barrel of oil cost just $ 50.
All this happened because the current Venezuelan government never invested in the care of our oil fields or in the improvement of our machinery, by the time the Venezuelan executive realized this, it was too late. Let me put you in context, during 2014, Venezuela produced 3 million barrels per day, remember that each barrel had a value of 100 dollars that paid a profit of 300 million dollars per day.
So far, this looks like a gold mine, well, black gold mine in this case, but if we discount to these 3 million barrels, what we distributed in China, Cuba and some other countries of the world, we would have less than half of the production to sell in the international market.
In large part it is thanks to this that it was necessary to increase the price of gasoline, that in the country there weren't food and those found abroad, that there are no materials for construction and that there is a queue until buy gas.
And things are going from bad to worse, oil is gradually going to lose more and more its importance thanks to the fact that new sources of energy are being created and the rest of governments are taking advantage of this. In my opinion, this is truly sad. A country with the potential to be one of the best in the whole world is currently in a total crisis, from which there is no way out.
Here ends today's post I hope it was interesting and of course you liked it, do not forget to support it if it was, thanks for your time and ...