Free Republic
Browse · Search
General/Chat
Topics · Post Article

Skip to comments.

Cuba Struggles as Venezuela Oil Subsidies Dwindle
panampost.com ^ | 21 June 2016 | Sabrina Martin

Posted on 06/26/2016 9:07:07 PM PDT by fella

Blackouts on the Island Have Lasted Between Four and Eight Hours

Raúl Castro has decided to implement austerity measures in Cuba as the oil the Venezuelan government has been sending over the past years has decreased and is no longer sufficient to cover for public sector expenses.

According to news outlet Cubanet, island officials are trying to fight the fuel deficit by reducing consumption of oil and electricity by 20 percent, which means a partial paralyzing of production.

“ The measure has starting to circulate this week in the ministeries and companies linked to production. The measures have included … shutting worker’s kitchens where they still exist, the reduction of the work day from eight to five hours a day, the suspension of Saturday workdays and collective summer vacations.

These measures are similar to those taken by Nicolás Maduro’s adminstration, as the Venezuelan government has also implemented electricity rationing and reduced working hours in the public sector.

According to Cubanet, “Cuba has started to feel the effects of an energy crisis associated with the reduction of oil imports coming from Venezuela and controls over fuel for government cars.”

The government hasn’t been the only one effected. Cuban neighborhoods have started experiencing blackout days lasting between four and eight hours.

“ You can add the persistence and depth of scarcity in the retail market to the shortage of fuel. This has happened in both establishments that sell in the local currencies, including the agricultural one, and those who sell in dollars. This has raised fear in the population of a return to a crisis period similar to that of the ’90s, provoked by the debacle of socialism in Eastern Europe.

The Cuban economy no longer fully depends on Venezuela for fuel, but it is the largest contributor of oil and therefore, one of its largest commercial partners. Whether Cuba falls back into an economic and energy crisis very much depends on the immediate future of Venezuela.


TOPICS: Business/Economy; Local News; Society
KEYWORDS: cuba; energy; venezuela
The contagion is spreading
1 posted on 06/26/2016 9:07:07 PM PDT by fella
[ Post Reply | Private Reply | View Replies]

To: fella

their new bestie will save them. barack obama, friend of dictators everywhere.


2 posted on 06/26/2016 9:09:32 PM PDT by JohnBrowdie (http://forum.stink-eye.net)
[ Post Reply | Private Reply | To 1 | View Replies]

To: fella

It is ironic that as oil prices fall, socialist countries are hardest hit!

While everyone else benefits from lower oil prices, those that built their societies on other peoples’ money are falling apart!


3 posted on 06/26/2016 9:18:55 PM PDT by marktwain
[ Post Reply | Private Reply | To 1 | View Replies]

To: fella
Blackouts on the Island Have Lasted Between Four and Eight Hours <<<

GOOD!....would it take 24...48 hours...a week..a month?....to figure out something is wrong...Didn't Obama just set them free???...He did the middleast...What could go wrong???.../s

4 posted on 06/26/2016 9:34:33 PM PDT by M-cubed
[ Post Reply | Private Reply | To 1 | View Replies]

To: fella

Obama to the rescue. How long will it take him I wonder?


5 posted on 06/26/2016 9:35:12 PM PDT by tinamina
[ Post Reply | Private Reply | To 1 | View Replies]

To: fella

Let me get this right: Venezuela is subsidizing Cuba.


6 posted on 06/26/2016 10:39:11 PM PDT by Oztrich Boy (Rules are for the guidance of wise men and the blind obedience of fools - Solon, Lawmaker of Athens)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Oztrich Boy

Welfare for a welfare state.


7 posted on 06/26/2016 10:44:09 PM PDT by r_barton (GO TRUMP!!!)
[ Post Reply | Private Reply | To 6 | View Replies]

To: fella

Why doesn’t Castro sign an executive order requiring electricity to stay on at adequate levels 24 hours per day?


8 posted on 06/26/2016 10:54:34 PM PDT by Jeff Chandler (Everywhere is freaks and hairies Dykes and fairies, tell me where is sanity?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: tinamina
Obama to the rescue. How long will it take him I wonder?

I was also wondering when the Obungler would bail them out?

9 posted on 06/27/2016 12:41:47 AM PDT by Mark17 (The love of God, how rich and pure, how measureless and strong. It shall forevermore endure.)
[ Post Reply | Private Reply | To 5 | View Replies]

To: marktwain

To paraphrase Lady Thatcher, sooner or later you run out of other peoples oil.


10 posted on 06/27/2016 12:44:26 AM PDT by dblshot (I am John Galt.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: Oztrich Boy

It has been for at least a decade.

Around the world, totalitarian governments are either subsidized, run off of oil money, or die off.

They are, to use the current word “unsustainable”.


11 posted on 06/27/2016 2:18:46 AM PDT by marktwain
[ Post Reply | Private Reply | To 6 | View Replies]

To: marktwain

There are several states in our own NorthEast that Venezuela has been giving heating oil to.


12 posted on 06/27/2016 3:02:18 AM PDT by fella ("As it was before Noah so shall it be again,")
[ Post Reply | Private Reply | To 11 | View Replies]

To: fella

Fits the template.


13 posted on 06/27/2016 3:12:56 AM PDT by marktwain
[ Post Reply | Private Reply | To 12 | View Replies]

To: fella

14 posted on 06/27/2016 4:03:47 AM PDT by JPG (Go Trump!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Oztrich Boy

They have been for years, ever sine Hugo Chavez and his socialist henchmen took over in Venezuela.
Selling their fellow socialist country oil at way below market prices.


15 posted on 06/27/2016 4:07:47 AM PDT by Joe Boucher (Go Trump, Give em hell BABY.)
[ Post Reply | Private Reply | To 6 | View Replies]

To: marktwain

The we work, they eat will always fail when we refuse to work for them.


16 posted on 06/27/2016 4:44:27 AM PDT by urbanpovertylawcenter (the law and poverty collide in an urban setting and sparks fly)
[ Post Reply | Private Reply | To 3 | View Replies]

To: tinamina
Obama to the rescue. How long will it take him I wonder?

Easy fix. Build the Keystone Pipeline, and extend a portion of it to Cuba!

17 posted on 06/27/2016 4:49:19 AM PDT by GGpaX4DumpedTea (I am a Tea Party descendant...steeped in the Constitutional Republic given to us by the Founders)
[ Post Reply | Private Reply | To 5 | View Replies]

To: GGpaX4DumpedTea

There you go. Jobs for illegal green card holders as an added advantage.


18 posted on 06/27/2016 6:22:23 AM PDT by tinamina
[ Post Reply | Private Reply | To 17 | View Replies]

To: fella

Maduro may wake up one day soon, and find the Cuban support forces departing.


19 posted on 06/27/2016 8:21:27 AM PDT by Ozark Tom
[ Post Reply | Private Reply | To 1 | View Replies]

To: urbanpovertylawcenter
" we work, they eat will always fail when we refuse to work for them."

Now, your just being selfish. "I'd Love to Change the World" by, Ten Years After. Literally the hippies pipe dream.

20 posted on 06/27/2016 9:18:55 AM PDT by fella ("As it was before Noah so shall it be again,")
[ Post Reply | Private Reply | To 16 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
General/Chat
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson