Ten years before, Venezuela, a petrostate under the leadership of
OSRS gold Hugo Chavez, witnessed a collapse in oil prices. As of 2017, the price for a barrel plunged to almost $50 from a peak of over $100 while the U.S. instituted wide-ranging sanctions against Venezuela's authoritarian government.
"When the prices of oil began to drop and the country was left with no cash to purchase goods from abroad," said Alejandro Velasco teacher of New York University who specializes in Venezuelan politics, in an interview by phone. "As consequently that there was not enough cash to keep the economy going."
Venezuela's coffers were empty following the spending of its most recent oil wealth on social services like subsidized medical and food services, or literacy education programs. Chavez was also known to have removed perceived dissenters from the oil sector following an attempted coup by the military, that affected production.
A widespread system of corruption in the government has also hurt the economy, as per Paul Angelo, a fellow at the Council for Foreign Relations who has a specialization on Latin American politics.
Runescape developer Jagex has put a stop to Runelite HD, a fan-made HD mod of the well-known open-source client for Old School Runescape, just as the project was preparing to launch last Monday. The decision was made at the eleventh hour, and has some Runescape supporters blaming Jagex for
cheap RS gold the decision and saying they'll move towards other MMOs.
