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Venezuela's oil reserves are amazing, but why do domestic people live in dire straits?
The current situation in Venezuela is not optimistic, especially in terms of economy. In particular, the inflation rate index has reached the level of 100000%, which means that money can't be spent when it arrives, because nothing can be bought. The reason for this is simple. First of all, although Venezuela has a large amount of oil resources, and the amount of exploitation is very large, because of the impact of the economic crisis, the price has continued to fall. Second, Venezuela's massive public welfare depends entirely on the oil industry. The decline of the oil industry will naturally affect Venezuela's public welfare. Finally, Venezuela's economic industry is too single, so when oil prices began to avalanche, Venezuela's economy immediately began to avalanche.

First of all, Venezuela's main industry is the oil industry. Whether it is the domestic economy or the means to obtain foreign exchange, it depends on the only oil industry to develop. Therefore, during the economic crisis in 20 14, the international oil price fell like an avalanche, and even every barrel of oil was mined at a loss. Therefore, for the Venezuelan economy at that time, this blow was equivalent to directly interrupting the economic lifeline of Venezuela.

Secondly, Venezuela's public welfare is good, but it costs money. The source of funds spent is Venezuela's oil exports. When the oil industry experienced a serious crisis, Venerella's public welfare plummeted instantly.

Finally, Venezuela's economy, after all, Venezuela's economic model is too single. It is supported by one industry-petroleum industry, and there is no other industry to assist it.