Venezuela Drowns in Poverty despite Massive Oil Reserve

​Venezuela has the biggest oil reserve in the world. Since 2013, it has raised the minimum wage around 15 times, the last of which was last Sunday. The country is suffering from a very bad economic situation and is drowning in poverty more and more every day at a time when many oil-producing countries have adopted economic reforms to stop their dependency on oil as a top source of their revenues...READ MORE