After two months, Marinez came back to Maracaibo, "without any money in my pockets," he said. He tried to RuneScape gold find a job but couldn't find any in an employment market destroyed by the pandemic--and a yearslong economic crisis.
Ten years prior, Venezuela, a petrostate under the leadership of Hugo Chavez, witnessed a decline in oil prices. in 2017, the price of a barrel plummeted to around $50, down from a peak that exceeded $100 and it was the year that U.S. instituted wide-ranging sanctions against Venezuela's dictatorial government.
"When the price of oil started to fall in the early 2000s, there was not enough funds to import goods," said Alejandro Velasco, an associate professor of New York University who specializes in Venezuelan politics, during a phone interview. "As consequently it was impossible to find money really to keep the economy going."
Venezuela's coffers were empty after it spent its most recent oil profits on social services such as subsidized food, medical care, in old school rs gold addition to literacy initiatives. Chavez also removed perceived dissidents from the oil business following an attempted military coup affecting production.