The oil plunges and Maduro’s future plunges with it

The falling of the oil prices combined with US green light to oil companies to export crude oil are going to create a further economic crisis for countries like Venezuela that primarily depends on oil production.

In 2013, Venezuela ranked as one of the countries with the highest misery, not only on the economic part but also on personal security matters.

The appropriation of businesses by the Chavez regime forced many companies to close down or stop production completely which has devastated the country’s economy, forcing his follower Nicolas Maduro to further devaluate the currency due to growing shortages of food and other basic goods in the country.

According with a BBC report the Venezuelan annual inflation roused  to 63%  in  2014 and 2015  brings even a bleaker picture, transforming Venezuela into the perfect backdrop for a booming black market.

The drop of the oil prices is in my view the last step needed for the collapsing of the authoritarian and inefficient Maduro regime, leaving a once rich and prosperous country like Venezuela into an economic devastation.

Leopoldo Lopez calls for unity to a Venezuela that is on a brink of collapsing

Venezuelan political leader Leopoldo Lopez, a husband and a father of two who has been imprisoned by the Maduro regime since February 18, 2013 is calling on the Venezuelan people to stand united and exercise their rights to peaceful protests as it is permitted by the Venezuelan Bolivarian Constitution.  Leopoldo Lopez was the victim of political persecution by the late president Chavez, and the persecution has systematically been continued by Nicolas Maduro.

The falling of oil prices brings a different panorama for Venezuela and perhaps for Leopoldo Lopez, and the dozens students, political prisoners, and the Maduro regime.  In a country where not only human rights are missing but also there is a lack food, a lack of products and above all a lack of security, the Maduro regime knows that their  time in power is threatened by Maduro’s inability to solve Venezuelan’s unsustainable economy.

Perhaps the Leopoldo call for unity and to stand for Venezuelan freedom will resonate today more than ever with the Venezuelan people, tired of hoping for peace and prosperity.