Venezuela recession confirmed as Maduro attacks US 'oil war'

[Bacchus4.0]

http://www.bbc.com/news/world-latin-america-30638770

The Venezuelan economy is now officially in recession after the central bank released figures showing that it has been shrinking all year.

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He accused the United States of flooding the markets with oil as part of an economic war against Russia.

The central bank also said inflation had reached 63.6% in the 12 months to November, one of the highest rates in the world.

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He said his country was suffering the consequences of an economic war launched by US President Barack Obama "to destroy" the oil producers' cartel, Opec.

[misterhighwasted]

1. "to destroy" the oil producers' cartel, Opec.

and this would be a BAD THING??
HA

[Thinkingabout]

2. It must be wonderful to be able to blame all problems on Obama and the US

[Bacchus4.0]

4. The certainly aren't going to blame themselves for the problems they caused are they? n/t

[louis-t]

3. Yep, Obama's fault that the Saud family won't lower production

to stabilize the price. Funny how that works. Never mind that, as a member of OPEC, Venezuela has helped hold the world hostage and try to empty our pockets for 55 years.