When your economy relies on ONE major export, it’s great when the price is high. When it’s low, you’re hosed. Expect drama in the Middle East and Russia if oil stays in the 40s/bbl or goes even lower.
All this talk of Venezuela not having toilet paper is just propaganda spread by the running dogs of the capitalist roaders When President Nicholas Maduro (peace be upon him) created the Deputy Ministry of Supreme Social Happiness he insured that there would be plenty of toilet paper for himself and his immediate circle. I guarantee you that if Sean Penn visits Venezuela he will not lack toilet paper. The Ministry of Supreme Happiness has even set up Potemkin supermarkets where you can buy almost anything at quite reasonable prices.