Oil Is Killing Communism

There are not a lot of communist countries left. Two of them reside in Central America. Venezuela and Cuba. Being socialist BFF'S, they like to share things. Like oil. Cuba gets oil, and Venezuela gets teachers and social workers. This has been going on for years and everyone was happy. Until now. Venezuela is broke and their oil production is steadily dropping. They can no longer afford to hand away free crude. Exports to Cuba are down 20% already and further drops are expected to continue. Cuba doest have the strongest economy to begin with, so having to import oil from other sources is a tough pill to swallow. Venezuela is so broke that foreign drillers have cut them off over unpaid bills. So their death spiral will continue unabated.