Venezuela Plagued by Power and Water Shortages Still
Internal problems are ones that can plague just about any nation on Earth, and Venezuela, as of right now, is no different.
Venezuela is a country that is heavily reliant on its oil industry, but recently a global drop in the oil industry’s prices has caused a serious effect on the South American nation. First the local citizens have been suffering from random electricity blackouts and water shortages, but this has now escalated to include damaged phone lines and communications.
To put this into perspective expert David explains, the oil revenue for the country went from $37.2 billion in 2014 and dropped to $12.6 billion this year. Combined with the fact that Venezuelan president Nicolas Maduro also happens to owe $700 million to cable and telecom companies, services across the country have been shut down, resulting in the aforementioned shortages in power and water.
Digitel, a mobile phone company for example, is one of the many that has stopped its long distance calling service to the country as well as any international roaming plans because of the failure to reach an agreement with cell phone providers. Adding on to this is how state-run television services such as Cantv no longer broadcast because they have to review their contracts, leaving tons of citizens without anything to watch.
Essentially, the country’s financial crisis has had a crippling effect on nearly everyone.