Cash-strapped and food deprived, Venezuela is reaching for a lifeline of sorts. Venezuela’s economy is based in the oil business, and that business went to hell, and it took Venezuela with it. Nicolas Maduro, the fanatical President of Venezuela, recently announced that his oil minister, Eulogio Del Pino, would begin a tour of the OPEC nations and the non-OPEC countries in order to persuade them to raise the price of crude oil. That is another attempt by Maduro to formulate an agreement to limit production, and control the global supply gut. But most OPEC nations are more concerned with keeping market share, according to José Manuel González, the Deputy of the National Assembly for the state of Guárico. González has been lobbying for months to put a national agreement in place to stop the economic disaster that is the result of Maduro’s insane economic policies.
González is not just an assemblyman; he is one of Venezuela’s top agriculture entrepreneurs and the former president of the Chamber of Commerce. González watched Maduro shut down farms and businesses when the oil business was booming. Maduro learned how to do that from Hugo Chavez. Chavez chose imports over domestic food and necessities when money was flowing into the country like water. But the money stopped when oil prices plunged in 2014, and Maduro didn’t react, according to Mr. González. The country ran out of money for imports, and the domestic food market was too fractured to pick up production. Now, people have no food, no medicine, no diapers, no toilet paper and other basics. There is also a limited amount of electricity because Maduro is controlling the use of electricity.
Maduro wants to increase the price of oil to $71 a barrel from the current price of $50 a barrel, according to González. Venezuela is the only oil producing country that wants an increase, but it’s not going to happen. What is going to happen is Maduro is going to be thrown out of office if González and the opposition are successful in forcing him out. All eyes are on Venezuela, and many of those eyes are filled with tears from the unnecessary suffering they see there.