Venezuela offered toilet paper swap for oil

Bloomberg/Fuel Fix:

Tissue paper-for-Venezuelan oil swap offered by Trinidad

Venezuela's command economy is so inefficient there are shortages of basic commodities such as toilet paper and laundry soap, not to mention food.  The economy is set to contract about seven percent this year and it has the highest inflation rate in the world despite slumping oil prices.

Comments

Popular posts from this blog

Should Republicans go ahead and add Supreme Court Justices to head off Democrats

29 % of companies say they are unlikely to keep insurance after Obamacare

Is the F-35 obsolete?