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A comment on Venezuela Declares Every Friday a Holiday to Save Electricity.

Re:Venezuela Declares Every Friday a Holiday to Save Electri... by wicket on Thursday April 07, 2016 @12:06PM (#11448358)
What I don't understand is why they are so dependent on hydroelectric power. Venezuela sits on a shitload of oil and have a history of practically giving it away to their citizens.
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Re:Venezuela Declares Every Friday a Holiday to Save Electri... by ansible on Thursday April 07, 2016 @01:06PM (#11448824)
That's pretty much exactly the problem. The usage of oil (gasoline) has been subsidized to ridiculous levels, which has squandered the country's natural resource wealth.

We all need to view our natural resources as a fixed and limited asset, to be used to boost ourselves up to sustainable energy production methods. But that is not politically expedient.

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