[blam]

The First Oil-Exporting Casualty Of The Crude Carnage: Venezuela

But what best shows that for Venezuela it is essentially game over, is that as the chart below shows, Venezuela’s international reserves declined $1.3 billion in the week after President Nicolas Maduro transfered $4 billion of Chinese loans to the central bank. In other words, the scrambling oil exporter was forced to burn one third of its Chinese bail-out loan to keep itself solvent. The country’s reserves dropped to $22.2 billion today, according to central bank data.

[Cowboy Bob]

I hope Maduro still has his bus drivers license. He'll need to find some means of support after he is kicked out of office.

[CPT Clay]

The First Oil-Exporting Casualty Of The Crude Carnage: Venezuela

Couldn’t happen to a better govt