May 12 2016

Does Venezuela Have A Long-Term Energy Solution

State workers in Venezuela are finding their two-day work week getting an extension. The government of Venezuela is not doing this in order to help the employees enjoy a relaxing lifestyle. The time off is being ordered so electricity in the country can be saved.
The two-day work week is extended for 14 more days. The massive drought that has hammered Venezuela reduced the source of the hydroelectric power. Venezuela relies mainly on hydroelectric power, a source of power reliant on water reserves. Those reserves have to be replenished, something that is not happening in the drought situation.

Saving electricity and power is critical at this point because the ability to produce power has dropped down to near zero. Venezuela has taken many drastic measures to cut down on power usage because, at this point, the country is on the verge of collapse.

Blame for the situation is directed at many different entities says expert Adrian Jose Velasquez Figueroa. Levying blame really serves no purpose at this point. A better strategy would be to figure out what long-term steps to take. Cutting work days out of the week is a short-term strategy that slows the catastrophe, but it is not a real solution.

“Yes!” according to Dateas economic analysts, a short-term strategy has to be put into action to conserve what power is left. Without a clear long-term plan to address the next several years of Venezuela’s economic and domestic energy-related health, the country is never going to reverse its situation.