As Venezuela's crisis deepens, the sale of electric generators is one of the few growth industries in the once-wealthy oil nation, ScottSmithAP writes.
In this May 15, 2019 photo, people sleep on the sidewalk to escape from the heat, due to the lack of electricity in their homes that does not allow them to run their air conditioners and fans, during a blackout in Maracaibo, Venezuela. Maracaibo's sweltering heat approaches 100 degrees most days, making the air conditioner a must.
As Venezuela’s crisis deepens, the sale of electric generators is one of the few growth industries in the once-wealthy oil nation, whose residents struggle to get through each day as public services crumble. Venezuela holds the world’s largest oil reserves as well as vast water resources to fill hydroelectric dams. It long had a state-of-the-art power grid that sold excess electricity to neighboring countries.
A household living with all the amenities requires a large generator that can cost upward of $1,000 — a small fortune in a country where the typical worker earns $6.50 a month. Ana Lucia Gomez, a personal shopper based in Orlando, Florida, recently launched a business shipping hard-to-find comfort items like M&M’s, bed sheets and laundry detergent to customers struggling in her native Venezuela. After the massive blackout, she was surprised to start getting requests for generators. Now it’s about a third of her business.
A street-side kiosk selling candy, cigarettes and bottles of Coke had a single generator displayed on the sidewalk for $680.
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