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01/19/2018: The impact of Venezuela’s oil plunge on its already reeling economy
Jan 19, 2018

01/19/2018: The impact of Venezuela’s oil plunge on its already reeling economy

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(Global Edition) From the BBC World Service … New figures show Venezuela’s oil output plunged again last year, continuing a yearlong streak of falling production. What will it mean for the economy as inflation soars and quality of life for residents declines? Then, evidence is growing against a Taiwanese businessman accused of selling oil to North Korea in violation of U.N. sanctions. Afterwards, we’ll tell you what new U.S. satellite images reveal about our planet. There's so much debris floating around Earth, it looks like a swarm of insects. We dive into the issue of “space junk” and its impact.

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Why Venezuela is in the midst of an oil industry "death spiral"

Jan 19, 2018
New figures show Venezuela’s oil output plummeted again last year, continuing a years-long streak of falling production. What will it mean for the economy as inflation soars and quality of life for residents declines? Rice University’s Francisco Monaldi explains why he calls the trend a “death spiral” for the country’s oil industry. Click the above audio […]

(Global Edition) From the BBC World Service … New figures show Venezuela’s oil output plunged again last year, continuing a yearlong streak of falling production. What will it mean for the economy as inflation soars and quality of life for residents declines? Then, evidence is growing against a Taiwanese businessman accused of selling oil to North Korea in violation of U.N. sanctions. Afterwards, we’ll tell you what new U.S. satellite images reveal about our planet. There’s so much debris floating around Earth, it looks like a swarm of insects. We dive into the issue of “space junk” and its impact.

The team

Stephen Ryan Producer, BBC