Oil Prices and Venezuela's Economy

Preprint OPEN
Mark Weisbrot; Rebecca Ray;
  • Subject: Venezuela, Venezuelan oil exports, Venezuelan government revenue
    • jel: jel:E | jel:E6 | jel:E62 | jel:F | jel:F1 | jel:F14 | jel:O54 | jel:Q4 | jel:Q43 | jel:Q48

This paper looks at Venezuela’s export revenue, imports, and trade and current account balances under a range of oil price outcomes for the next two years. It finds that Venezuela would run large current account surpluses for prices between $60-90 per barrel, and would ... View more
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