Nicaragua Trapped in Energy Crisis
The Nicaraguan Congress has declared an energy emergency throughout the country as long as the energy crisis caused by the increase in oil prices in the international lasts.

According to a decree put into effect in Managua, the state of emergency will last until barrels of oil reach 45 US dollars. The currently price is about 60 US dollars.

The new resolution also includes control of hydrocarbon supplies, and also establishes provisional control of oil derivatives prices.

In addition, public transport will be reorganized to reduce fuel consumption, electric plants will be exempted from oil taxes, and the government is considering subsidising energy consumers.