Link: http://www.marketplace.org/2016/04/18/world/resource-curse/venezuela-ranchers
Summary: Venezuela’s oil dependent economy imports nearly 80% of its food, which is particularly worrisome when oil prices are at an all time low.
Original Air Date: April 18, 2016
Length: 4 minutes 46 seconds
Link: http://www.marketplace.org/2016/03/21/world/venezuela-hot-dog
Summary: Marketplace breaks down the complexities of the Venezuelan economy using the local pepito as a metaphor to explore inflation and the impacts of an oil-dependent economy.
Original Air Date: March 23, 2016
Length: 3 minutes 16 seconds
Summary: The Nigerian Internet hosts many ads for stolen oil, inspiring the question: how? Why? Nigeria has one of the top oil reserves, and it is controlled by the government. They lose about $10 million a day from oil theft. This podcast dissects how they get away with it.
Original Air Date: October 29, 2014
Length: 19 minutes 30 seconds
Discussion Question: The podcasts says that this problem is for the Nigerian government to solve. Should it be an international issue?
Prompt: The podcast does not reflect on the legally sold oil, and the effect the stolen oil has on that market. Write how you think the stolen oil would change the market for legal crude oil in the international arena, paying specific attention to the quantity and the prices.
