VENEZUELA CRISIS COULD AFFECT OIL
![](https://static.wixstatic.com/media/3e6222_acffafb4f0c545d7a64da4c770e3f2a0~mv2.jpg/v1/fill/w_300,h_169,al_c,q_80,enc_auto/3e6222_acffafb4f0c545d7a64da4c770e3f2a0~mv2.jpg)
Venezuela is going through a crisis to end all crises. With the government fast running out of money, and food becoming a luxury, it seems that the South American country’s troubles are never-ending. However, the consequences of these problems are not contained to Venezuela. Economic experts believe that the troubles faced in the region could result in a tip in the balance of the oil market. Despite the current oversupply of oil, a problem which resulted in plunging oil prices, a drop in Venezuela’s oil production could tip the scales toward a shortage in the market.