Hope you like working in the dark - from Bloomberg:
Venezuela to Shut Down for a Week to Cope With Electricity Crisis
Venezuela is shutting down for a week as the government struggles with a deepening electricity crisis.
President Nicolas Maduro gave everyone an extra three days off work next week, extending the two-day Easter holiday, according to a statement in the Official Gazette published late Tuesday. Maduro had originally said over the weekend that the extended holiday would only apply to state employees.
The government has rationed electricity and water supplies across the country for months and urged citizens to avoid waste as Venezuela endures a prolonged drought that has slashed output at hydroelectric dams. The ruling socialists have blamed the shortage on the El Nino weather phenomena and “sabotage” by their political foes, while critics cite a lack of maintenance and poor planning.
My bet is on lack of maintenance and poor planning. When they nationalized the grid, they tossed out the independent corporations that built and were maintaining their power plants and grid. And of course, this is the first time that anything like this has ever happened:
Venezuela has long suffered rolling blackouts that cripple public services and leave citizens in the dark for days at a time. The extended break seeks to further ease demand on Venezuela’s strained power grid and follows a forced reduction of hours at shopping malls and public institutions.
If Clinton gets elected, this is where we will be in ten years.
Leave a comment