Ask anyone how much their new iPhone 6 cost, and the answer is likely to be “too much.” But there’s no better way to put it in perspective than to take a look at how much this smartphone currently costs in Venezuela: a whopping 300,000 bolivars, roughly equal to $47,678…
Could Venezuela’s Anti-Fracking Views Have Been the Cause Behind the Chalmette Refinery Sale?
Exxon Mobil and Venezuela’s national oil company, Petróleos de Venezuela SA, have ended their business partnership and will sell the refinery they co-own in Louisiana. The refinery will go to PBF Energy Inc., which is based in New Jersey. PBF is buying the refinery in Chalmette, which is about 10…
Maduro Condemns American Presidential Hopeful’s Mexico Comments
Venezuelan President Nicholas Maduro has condemned comments made by American presidential candidate Donald Trump after the celebrity real estate mogul and reality-show host blamed Mexico for many of the United States’ problems in his campaign announcement. “He’s a bandit, a thief,” Maduro said in a speech, describing Trump as a…
Venezuela’s Biggest Solar Power Plant in Operation
Investing in solar energy is one of the best decisions for your home and wallet. You won’t just see a significant reduction in your energy bills; you’ll also be doing your part in contributing to a lower carbon footprint. Before enjoying these benefits, you must find reputable solar installation services.…
Venezuelan Politicians Working on Single National Internet Server
In response to online trading of Venezuelan currency at unofficial exchange rates, representatives of the country’s ruling United Socialist Party have proposed that all residents be made to use Internet passing through a single government server. National Assembly Member Juan Carlos Aleman said May 22 that the Ministry of Science,…
As Maduro Blames the US and Saudi Arabia for Its Recession, Experts Say the Nation’s Policies Are the Cause of Its Troubles
As a country with more proven oil reserves than Saudia Arabia, Venezuela was formerly known as one of most formidable oil producers in the world. However, Venezuela is now better known for its economic struggles, as the nation struggles with one of the most severe recessions it has ever seen.…
Colombian Immigrants Flee Venezuela As Economic Conditions Worsen
Colombian immigrants have long had a major presence in Venezuela, with thousands crossing the the country’s western border in the 1940s to escape a bloody civil war and benefit from the flourishing oil trade. This trend only became more popular at the height of the county’s oil boom in the…
Venezuelans Purchasing Medicine at a Pharmacy Must Now Have Their Fingerprints Scanned
Venezuelans have been dealing with rationing and shortages in a handful of different industries ever since the country’s currency began weakening under the leadership of President Nicolas Maduro — food, paper products, cars, electricity, and jobs are all hard to find in Venezuela these days. But the world is seeing…