So they're interviewing the Indian from the conflict there in DC.

Sure and hushed in respectful tones that the Maghatt high school kids were dancing in front of her with you know you know the whole stuff right so they're

any of you in Nathan Phillips today on the day show will hit you with some highlights that I guess is a story continues right now Venezuela is in chaos a beautiful oil rich formerly fairly wealthy

nation is absolutely in ruin economically and political instability isn't and isn't perhaps bloodshed are are you know in the air

outside of the United States having oils about the worst thing that can happen to you it seems like it's a country in a lot of ways it's really

interesting topic but Ian Brummer joins us he and is the president founder of Eurasia group leading global political risk research and consulting firm and a and just a enjoyable fellow to talk to whatever the topic hello Ian how are you sir

hey yeah I don't look in Norway I mean they're in collapse and and reverting the cannibalism mostly because of all of the world good lord the specter of

cannibalism rearing it's ugly head so listen you know I happen to hear you on a couple outlets talking about Venezuela in recent days but one thing nobody I

haven't heard people ask you is how did this oil rich nation find itself with catastrophic inflation actual starvation and millions of people

fleeing well one is that they don't produce nearly as much oil is used to over a million barrels a day off a market because their engineers have fled if you go up to the oil

patch oil fans for example in Canada you find a lot of Venezuela engineers all the talent just left because the actual

the geology is similar and believe it don't like living in the cold the the refineries are stripped I mean the the the the major state oil

company at pedabesa as fallen apart mass of mismanagement lack of investment internationally western companies being shaken down the

would there I mean pretty much everything you could do wrong to screw up this environment they've done a Southeast may be a

authoritarian and certainly the big human rights problems of how do you ramp though as a company internally has the technological

sophistication of exonable pedabesa is operating like like a fuel state and the people are incompetent and managing it hey maybe we should

back up a second I'm listening right now why should I care about Venezuela you should care about Venezuela because over the last

year you've had about over two million refugees that have streamed out of the country it's an enormous cost that's being born on

other countries across South America like Columbia for example the Colombian president believes that if this continues you can end up with

five million Venezuelan refugees in his own country more than 10% of the population that's the same way you care about

Syria because of what they did to Europe when all of those refugees streamed across Europe and as well because it has not

on effects in other countries around the region you know if you as an American if you don't care about the region it's not

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