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Picture nominated for the Photo of the Year at the World Press photo contest shows: José Víctor Salazar Balza (28) catches fire amid violent clashes with riot police during a protest against President Nicolas Maduro, in Caracas, Venezuela. Picture taken May 3, 2017. Ronaldo Schemidt, Agence France-Presse/World Press Photo handout via REUTERS
Trump May Cut Off Socialist Venezuela’s Last Leg
Robert Donachie
Capitol Hill and Health Care Reporter
9:39 AM 02/26/2018
President Donald Trump’s administration is considering placing an embargo on Venezuelan oil, which could be the final blow to an economy and nation that are on the verge of total collapse.
Secretary of State Rex Tillerson said in early February that the administration might impose restrictions on Venezuelan oil imports in order to pressure socialist President Nicolás Maduro to return to a constitutional form of government.
Venezuela can’t afford to lose its trading ties to the U.S. The nation’s oil production is at a three-decade low, producing at roughly half the levels it was in the 1990s, according to a January report from the Organization of Petroleum Exporting Countries. Revenues from oil exports account for 90 percent of the Venezuelan government’s hard currency, and the U.S. is the nation’s largest buyer.
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READ MORE: http://dailycaller.com/2018/02/26/trump-venezuela-embargo/
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