August 8, 2024

The End of the Oil Era

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Yesterday, Venezuela entered the post-petroleum era. With oil prices for May delivery falling sharply below zero, the country faced the prospect of life without any oil revenue for the first time in over 100 years. Venezuela without oil money is not the Venezuela any of us know. It’s an epochal change.  By Francisco Toro. Full text- -> Caracas Chronicles

Translation/ Traducción