OZY Daily Dose

How the Hub of Venezuela's Oil Industry Became Broken


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Once central to the country’s mammoth oil industry, Maracaibo is now struggling to ensure it has enough gas for its cars. On a rundown street in Maracaibo, Venezuela, Lucho Torres leans on the cab of his ancient brown pickup truck and waits for gasoline. Ahead of him, about 30 drivers sit in a line of cars that snakes around the corner and out of sight. “Today’s not so bad. We should only be waiting an hour or so,” says Torres.
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OZY Daily DoseBy OZY