Many are aware there is a situation in Venezuela, and what is being reported as the cause is only half the story. There is a missing element that many media channels have not mentioned. Rewind to the early years of the Chavez administration, 1999 and the next few years. Oil was near $19 a barrel when he took office in Venezuela. The oil in Venezuela is called heavy oil and is among the heaviest in…read more
Juan Carlos Goite has to be creative, finding spare parts stripped from one broken-down locomotive to repair another in a desperate attempt to keep a once-thriving iron ore mining company running.
Dressed in a hard hat and oil-stained work clothes, the mechanic paces a dimly lit workshop strewn with salvaged train parts like motors, metal plates and hoses looking for the right piece.
In cash-strapped Venezuela, there’s no money to buy spare parts.read more