The movement, founded in 1865 by William Booth, has spread from London, England, to many parts of the world. The rapid deployment of the first Salvationists was aided by the adoption of a quasi-military command structure in 1878 when the title, âThe Salvation Armyâ, was brought into use. A similarly practical organisation today enables resources to be equally flexible.
Venezuelaâs oil production has been declining for years, going from 3.3 million barrels a day in 1997 to about 1.9 million barrels a day in 2016. Venezuela cannot afford to produce the oil it needs to sell.
2. Venezuela's broken engine: oil. Things got really bad when oil prices started to plunge in 2014. Venezuela has the world's largest oil reserves, but the problem is that oil is the only game in town. It makes up over 95% of Venezuela's revenue from its exports. If it doesn't sell oil, the country doesn't have money to spend.