to protest the presidents actions
Venezuela's economy relys heavenly on oil
Oil and natural gas.
With Venezuela dropping the prices of oil, it can make their economy low and it is hurting people in Venezuela even though sometimes they have to pay less.
Venezuela's economy is highly dependent on oil exports. The recent fall in oil prices has damaged the economy there. prices can fluctuate so there is always a chance that their economy will improve if and when oil prices rise.
sugar
it's Lake Maracaibo
Venezuela's oil-based economy illustrates the affects of overspecialization. When oil prices are high, its economy is strong. When oil prices drop, its economy weakens.
Oil is important to the economy because people have to use oil in their daily lives. For an example, people use their cars for transportation their car runs on iol also know as petroleum.
Oil is important to Venezuela, because it is most of Venezuela's economy.
Spanish
Oil is Venezuela's most valuable export. The country has one of the largest oil reserves in the world and oil exports make up a significant portion of its government revenue.
When oil runs short the price will skyrocket. Oil is a very important commodity in our economy. The higher the price rises the slower our economy will grow. At some point the economy will shrink. Capitalism does not work on a shrinking economy. Global meltdown will be the consequence - unless we find a replacement for oil by that time.