
Europe and US meet with Venezuela's real President Maduro, desperate for lower oil prices
Geopolitical Economy Report
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Venezuela's Oil Production During the US Economic War
Venezuela has been under economic attack by the world's largest superpower. Ughu Chavez did not come to power until 1999, and inflation was pretty consistent. But what happened in around 2014 is there was a massive drop in commodity prices worldwide. And then the United States put the embargo on Venezuela and stopped buying Venezuelan oil. This explains the very significant economic problems in Venezuela.
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