Venezuela: oil has been up 99% in six years

Last week, President Nicolás Maduro said Venezuela has recorded a 99% drop in oil production in the last six years. According to him, part of this is due to financial sanctions imposed by the United States to try to overthrow his government. The country, which has the largest oil reserves in the world, has been experiencing economic difficulties.

According to Maduro, the problem began the declared war against oil prices to attack the world's major producers, and worsened with the total blockade. The numbers, he said, fell from $56 billion in 2013 to less than $400 million in 2019.

He also said that the sanctions imposed by U.S. President Donald Trump constitute a "criminal blockade" that obeys an "economic savagery" and affects social indicators such as infant mortality and nutrition levels of the Venezuelan population.

Recently, the streets of Venezuelan cities have been taken over by protests by the population for lack of gasoline in the country, as well as other complaints.


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