wallythenarwhal wallythenarwhal
  • 17-03-2020
  • Geography
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What are the effects caused by oil production in Venezuela

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26wiltb
26wiltb 26wiltb
  • 29-01-2021

Answer: While it maintains mostly an inverse relationship with the U.S. economy, the price of oil and Venezuela's economy move pretty much in lockstep. When oil prices are high, Venezuela enjoys good economic times. When oil prices drop, economic disaster ensues for the South American country.

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