This article appeared online at TheNewAmerican.com on Monday, January 29, 2018:
The flow of Venezuelan heavy crude oil to U.S. Gulf Coast refineries dropped by 60 percent in the first three weeks of January, according to data from the U.S. Energy Information Agency (EIA). Shipments had been averaging around a million barrels a day, but they dropped to 394,000 bpd since the first of the year.
This adds to Marxist Nicolas Maduro’s financial woes, and none too soon, either. He has been relying on cash generated by those exports to continue to keep his regime in power. But now, in the famous words of Great Britain’s former Prime Minister Margaret Thatcher, “The problem with socialism is that you eventually run out of other peoples’ money.”
For Maduro “eventually” is upon him and his totalitarian dictatorship.
The news from the EIA is welcome but not surprising.