They produce oil, but what’s going so poorly for Venezuela?
Venezuela is facing an electricity shortage so severe, that President Nicolas Maduro extended the national Easter holiday by decree to decrease demand for it. The government is effectively shutting down the country for five days with the hopes of staving off an impending infrastructural collapse. That’s right, the country with the largest proven oil reserves in the world is facing an energy crisis.
In spite of enjoying a decade-long oil bonanza, the government failed to invest in the maintenance of existing infrastructure, let alone in its expansion.
Photo by Cancillería Ecuador