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Episode details

World Service,28 Nov 2014,55 mins

OPEC piles pain on Venezuela

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OPEC's refusal to cut oil production, sending prices even lower, heaps more economic pain on one of its members - Venezuela. The country is heavily dependant on oil to balance its books, and we speak to a leading energy expert from Venezuela's top business school, who says the country needs an oil price of about $160 per barrel to break even - more than double what it is now. Plus, Spain's Prime Minister Mariano Rajoy leads an anti-corruption crackdown following a series of political and industrial scandals, and we hear from an award-winning Chilean film director about how hard it is to get a production off the ground in his home country. We're joined through the show by Megan Stodel, a writer for The F Word, and Song Seng Wun, from CIMB Research in Singapore. With them we discuss the growing online campaign to boycott Black Friday, hatred of all things pumpkin on Thanksgiving, and a controversial suggestion to ban the word "feminist".

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