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Latin America
Related: About this forumVenezuela recession confirmed as Maduro attacks US 'oil war'
http://www.bbc.com/news/world-latin-america-30638770The Venezuelan economy is now officially in recession after the central bank released figures showing that it has been shrinking all year.
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He accused the United States of flooding the markets with oil as part of an economic war against Russia.
The central bank also said inflation had reached 63.6% in the 12 months to November, one of the highest rates in the world.
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He said his country was suffering the consequences of an economic war launched by US President Barack Obama "to destroy" the oil producers' cartel, Opec.
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Venezuela recession confirmed as Maduro attacks US 'oil war' (Original Post)
Bacchus4.0
Dec 2014
OP
The certainly aren't going to blame themselves for the problems they caused are they? n/t
Bacchus4.0
Dec 2014
#4
misterhighwasted
(9,148 posts)1. "to destroy" the oil producers' cartel, Opec.
and this would be a BAD THING??
HA
HA
Thinkingabout
(30,058 posts)2. It must be wonderful to be able to blame all problems on Obama and the US
Bacchus4.0
(6,837 posts)4. The certainly aren't going to blame themselves for the problems they caused are they? n/t
louis-t
(23,295 posts)3. Yep, Obama's fault that the Saud family won't lower production
to stabilize the price. Funny how that works. Never mind that, as a member of OPEC, Venezuela has helped hold the world hostage and try to empty our pockets for 55 years.