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Venezuela to Shut Down for a Week to Cope With Electricity Crisis

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Re: Venezuela to Shut Down for a Week to Cope With Electricity Crisis

#15
post #8

Related anecdote: a friend of mine is an engineer that builds and operates glass factories all around the world, mostly producing bottles for beer, wine, and liquor. One of his company's factories was in Venezuela, and while he was there working, Chavez et co decided to nationalize that industry because they were "forcing unfair labor conditions." The company rushed to get every American out of the country before the…

One thing that usually follows is the lack of consequences for bad decisions.

I've noticed shareholders are more aligned with letting heads roll than politicians and voters unless it hits extremes. Most corporations would nip it in the bud early or die trying.

Re: Venezuela to Shut Down for a Week to Cope With Electricity Crisis

#17

Thats a really sad situation, but is common in some LATAM countries. In example, in Argentina there's an active "energetic crisis" plan [1], where government defined an scheduled program to cut electricity in cities to try to mitigate demand. [1] http://www.buenosairesherald.com/article/149949/power-cuts-i...

Could this be helped by first world countries donating solar and wind generation equipment, and peace corps training programs to train and supervise the installation in country? EDIT: thanks for the replies everyone. sadness.

No. Argentina, Brazil and other latam countries really do not need donations. Venezuela is a very rich country that actually have the second largest oil reserves, ironically. It would be like donating stuff to Saudi Arabia.

Our problem is rampant corruption, populism and mismanagement derived from it.

Brazil is trying to get out. Argentina is out of it, lets hope is not too late. For Venezuela is already too late.

Re: Venezuela to Shut Down for a Week to Cope With Electricity Crisis

#20
Ironically, Venezuela has so much oil that gas is almost free. Most people dont even know the cost, they fill a car's tank with about 0.10 us$.

Probably, people will start using the portable power generators that everybody already have, because this is not the first time the power goes out, and it will become a gas-powered country for a week.

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