#michael shifter

Venezuela Cuts Oil Subsidies To Caribbean Nations – NPR

“Venezuela is in desperate straits. The oil sector has been deteriorating, and now with the slumping oil prices, they needed cash desperately,” says Michael Shifter, the president of the Inter-American Dialogue, a Washington, D.C.-based group that studies the region.

Shifter says it’s no surprise that Venezuela is trimming back a program that provides oil at subsidized, deferred payment rates to…