Venezuela’s oil crisis goes far beyond a simple problem of low prices and threatens the world’s supply of oil because of mismanagement of the country’s state-run oil company, a new report from Columbia University concludes.
Oil production in Venezuela, which boasts the world’s largest oil reserves, has plunged to alarmingly-low levels, the report found, worsening the country’s dire economic crisis that already has led to food and medicine shortages...............................................Full Article: Source
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