It's a funny kind of anti-imperialism
Regardless of Nicolás Maduro’s rhetoric, the 
facts simply speak for themselves:
We’re not just dependent on the U.S. as a market for the oil exports that pay for the import of, um, pretty much everything that can be imported.
Now we’re also dependent on them for the import – at full international price, bien sur – of 100,000 barrels per day of gasoline that we can no longer refine ourselves (since Amuay blew up) and that we then give away largely to middle-class car drivers, forcing us to devalue our currency not once, but twice in two months to the direct detriment of poorer consumers’ purchasing power.
Somehow, Bolivarian anti-imperialism requires transferring $10 million a day more or less directly from Venezuela’s poor to U.S. gasoline refiners… ¡así, así, así es que se gobierna!
Caracas Chronicles is 100% reader-supported.
We’ve been able to hang on for 22 years in one of the craziest media landscapes in the world. We’ve seen different media outlets in Venezuela (and abroad) closing shop, something we’re looking to avoid at all costs. Your collaboration goes a long way in helping us weather the storm.
Donate
