May 30, 2016

In the midst of the Venezuelan pandemonium, is not selling petrol at less than $2 cents a liter a crime?

Sir, Daniel Lansberg-Rodriguez, describing Venezuela’s current plight writes: “Food and medicine are scarce. Anemic oil prices and a heavy debt load leave scant foreign exchange for the import sector. “Venezuela sets the stage for a chaotic and tragic exit” May 30.

What’s worse, within the pandemonium, few react to that petrol, even after it was raised a 6.000 percent in February this year, is still being sold at less than $2 cents per liter. Perhaps the most serious problem in Venezuela is not Maduro, but the lack of a responsible elite, that is willing to speak up on what is wrong and right.

If the price of petrol sold domestically was raised to its world value, and the resulting revenues all paid out in cash, to all citizens, that could provide them with what they might need to cover the basic food needs. And, to top it up, that would free a lot of petrol for exports.

I myself have tried for long to have the Organization of American States to look into if whether giving away petrol almost for free, while there is lack of food and medicines, does not qualify as an economic crime against humanity. Seemingly OAS/OEA prefer to look the other way.

@PerKurowski ©