Business English – Venezuela struggles with new oil price
According to the Financial Times, Venezuela’s economy is struggling with the new price of crude oil, which has recently plummeted to less that $70 US per barrel. Watch the video and check you comprehension with the quiz. If you have any questions, leave a comment.
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Question 1 of 1
Put the sentences into the correct order as they are mentioned in the video
People waiting in lines for things is a common sight in today's Venezuela
Venezuela has the largest oil reserves in the world but has recently had to cut back on imports
It is not easy to buy toilet paper in Venezuela
Some Venezuelans have not experienced this situation (goods shortages) before
Some supermarkets ask you for identification so that you don't buy too many things
Nicolas Maduro's approval ratings have also dropped significantly
Some Venezuelans complain that they have to beg for many common goods
Maduro thinks that and 'economic war' is crippling his country
Some analysts see Venezuela's woes as being due to a lack of structural changes in its economy
The whole future of Chaves' socialist revolution is currently at stake