The Maduro Regime Takes Over Gas Stations—And Whole Communities Suffer
The story of one of Maracaibo’s most crowded gas stations and convenience stores proves how the new economy around gas could change cities
Tag: Gas Subsidy
Worst. Social policy. Ever!
Imagine a candidate who went to the country with this message: Compatriotas! When I am president, I will finally spread the oil wealth fairly. What I’ll do is,...
The $9 billion question
So, if we’re now using technology to make sure gasoline isn’t sold across the border … why can’t we use it to make sure we only subsidize gas...
Revolutionary Priorities
The blue bars are the government’s 2011 spending budget. The orange bar is our estimate of the opportunity cost of selling gas below the world price.
Leadership on the Gas Subsidy
Here’s a fun question to ponder: how much do Gasoline Subsidies really cost Venezuela? Everybody knows the answer, right? With gas fetching just a few US cents a gallon,...
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