Comment Re:I wonder what's going to happen to the mid east (Score 4, Insightful) 375
What are you talking about? The crisis in Venezuela barely has something to do with oil.
Excuse me, but an economy where roughly 50% of GDP is based on oil as are 95% of it is not at all diversified and is bound to fluctuate a bit like the oil price. Source: http://www.economicshelp.org/b...
While it is true that Venezuela has also a lot of political and historical problems, a lot of the current crisis seems to come from lack of economic diversity and large dependence on oil price.
There's a nice podcast about the current crisis in Venezuela (about 30 min) which I recommend:
http://www.bbc.co.uk/programme...