When Chávez became Venezuela's president in 1999, oil prices were climbing. In the early 2010s, a barrel would often fetch about $100, providing the government with plenty of money to pour into social programmes. But with current prices around the $65 mark, the country looks less like a reasonable investment.
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"This is a time when you think, 'Thank God the US doesn't have a state-owned oil company,'" she says. "They need the private sector, but for the moment, the private sector isn't budging. And what company in their right mind is going to put money into Venezuela?"