Venezuela's oil revival brings hope but little relief for workers

Venezuela's oil revival brings hope but little relief for workers


In the evenings he works a second job as a physical therapist, visiting patients at their homes or treating their injuries in a small apartment that he rents with a friend. With teachers, nurses and other public servants making less than $200 a month - and an inflation reaching 500% last year - Venezuela continues to be a tough place to make a living. Economist Jesus Palacios said that a recent decision by the U.S. Treasury to allow American companies to buy Venezuelan oil could easily boost the government's income, and spearhead a recovery.

Author: Manuel Rueda


Published at: 2026-02-17 22:18:22

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