Oil accounts for half the government’s revenues, but profits have evaporated amid a drop in global prices, forcing Venezuela to seek help from a nemesis: the United States.
Their problem goes well beyond the oil markets. They spent money that should have gone to maintenance on vote buying schemes. As the infrastructure fell into disrepair they could not afford to fix it. They also had runoff those with an expertise in managing these assets when they nationalized the companies. Meanwhile, the Americans developed new ways to extract oil and gas and do it cheaper than OPEC. Now Venezuela is using light US crude from shale fields to dilute its heavy crude to make it marketable.
Donald Trump’s Deals Rely on Being Creative With the Truth
Over the span of his career, project after project has produced allegations of bad faith, broken promises, blatant lies or outright fraud.
The cutline on the picture reads:
Donald J. Trump at a campaign event this month in Virginia. A survey of his four decades of wheeling and dealing reveals an operatic record of dissembling and deception.
This is exactly the kind of story that Cruz said would be produced once Trump secured the nomination It appears the liberals in the media wanted Trump to get the nomination so they could use this stuff against him. I think it is likely true, but if they cared about the country more than they cared about electing Democrats we would have seen it during the GOP primary.
The obstructor-in-chief role didn’t get him to the White House. But could it be useful down the road?
Those who were unhappy with his attempt to make them live up to their political promises should be chastened by the 2016 campaign. Cruz and Trump got around 70 percent of the vote in the GOP primaries. That suggest they were more in touch with the voters than the GOP leadership was.