Many countries are struggling with energy security, but none more so than Venezuela. The country relies on oil exports for economic stability and survival. However, the state-owned petroleum company has recently been experiencing a decrease in production levels due to mismanagement of funds and an increase in demand from neighboring countries.
This has created an unstable environment where prices are skyrocketing, leading to civil unrest within the country as well as diplomatic tension with other countries that rely on imports of Venezuelan oil.
The crisis is worsened by the fact that Venezuela does not have any domestic infrastructure for renewable energy sources like solar or wind power, making it one of five countries worldwide without reliable access to clean energy sources (alongside Iraq, Iran, Libya, and South Sudan).
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