{"id":18964,"date":"2016-03-17T13:13:55","date_gmt":"2016-03-17T18:13:55","guid":{"rendered":"http:\/\/olduvai.ca\/?p=18964"},"modified":"2016-03-17T13:13:55","modified_gmt":"2016-03-17T18:13:55","slug":"venezuela-runs-out-of-electricity-will-shut-down-for-a-week-el-nino-blamed","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=18964","title":{"rendered":"Venezuela Runs Out Of Electricity, Will Shut Down For A Week, El Nino Blamed"},"content":{"rendered":"

Venezuela Runs Out Of Electricity, Will Shut Down For A Week, El Nino Blamed<\/a><\/h3>\n
When last we checked in on our favorite socialist paradise, Venezuela, President Nicolas Maduro\u2019s opponents \u201chad gone crazy.\u201d<\/div>\n
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Or at least that\u2019s how Maduro described the situation in a \u201cthundering\u201d speech to supporters at what he called an \u201canti-imperialist\u201d rally in Caracas last Sunday.<\/p>\n

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Meanwhile, thousands of demonstrators\u00a0held counter-rallies<\/a>\u00a0calling for the President\u2019s ouster. Maduro angered the opposition – which dealt Hugo Chavez\u2019s leftist movement its worst defeat at the ballot box in history in December – last month when he used a stacked Supreme Court to give himself emergency powers he says will help him deal with the country\u2019s worsening economic crisis.<\/p>\n

\u201cNow that the economic emergency decree has validity, in the next few days I will activate a series of measures I had been working on,\u201d he said, following Congress\u2019s declaration of a \u201cfood emergency.\u201d<\/p>\n

Needless to say, Maduro\u2019s \u201cmeasures\u201d didn\u2019t do much to help the situation on the ground, where Venezuelans\u00a0must queue<\/a>\u00a0in front of grocery stores and where 90% of medicine is scarce.<\/p>\n

Venezuela is the world\u2019s worst performing economy and barring a sudden (not to mention large) spike in crude prices, the country will in all likelihood default this year as 90% of oil revenue at current prices must go towards debt service payments.<\/p>\n

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But that hasn\u2019t deterred Maduro, who has vowed to remain defiant in the face of (loud) calls for his exit. \u201cLet them come for me,\u201d he bellowed on Sunday. \u201cI will\u00a0hang on to power<\/strong>\u00a0until the final day.\u201d<\/p>\n

Maybe so, but one place that\u2019s not \u201changing onto power\u201d is the Guri Dam, which supplies more than two-thirds of the country\u2019s electricity. As\u00a0The Latin American Herald Tribune writes<\/a>, the dam \u201cis\u00a0less than four meters from reaching the level where power generation will be impossible<\/strong>.\u201d<\/p>\n<\/div>\n<\/div>\n

…click on the above link to read the rest of the article…<\/p>\n","protected":false},"excerpt":{"rendered":"

Venezuela Runs Out Of Electricity, Will Shut Down For A Week, El Nino Blamed When last we checked in on our favorite socialist paradise, Venezuela, President Nicolas Maduro\u2019s opponents \u201chad gone crazy.\u201d Or at least that\u2019s how Maduro described the situation in a \u201cthundering\u201d speech to supporters at what he called an \u201canti-imperialist\u201d rally in […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3],"tags":[2492,4333,200,252,1103,2422,13003,851,4318],"class_list":["post-18964","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-caracas","tag-crude","tag-default","tag-el-nino","tag-electricity","tag-nicolas-maduro","tag-tribune","tag-venezuela","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/18964","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18964"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/18964\/revisions"}],"predecessor-version":[{"id":18965,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/18964\/revisions\/18965"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18964"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18964"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18964"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}