Direct military intervention aka a military coup is needed for the Madura regime to change.
Madura is currently trying to purge military members who are not Chavistas or PSUV loyalists.
The catalyst to motivate military intervention in removing Maduro would be the collapse in PdVSA oil production that compromises the financing of the rank and file and PdVSA employees. These are the militant Chavistas in red shirts and berets.
To better assess a regime change date, PdVSA bondholders will need to watch the cashflow stress at the central bank (negative $11 billion now) and other leading indicators of economic collapse.
Oil Production is about half the level of peak oil production around 1998-2002. Venezuela oil production was as high as 3.1 million barrels per day averaged over a year and in 2017 was about 1.6 million barrels per day. It is forecasted that Venezuela oil production could fall to 1.0 to 1.35 million barrels per day be the end of 2018.
Recent comments from Conindustria president Juan Pablo Olalquiaga confirm a systemic collapse is coming to #Venezuela. https://t.co/HQ90ogTdpD Gracias a PSUV. Via @Forbes
— Kenneth Rapoza (@BRICBreaker) March 15, 2018
A survey of 2,400 companies out of 3,200 in the private sector of Venezuela show them to be operating at just 24% capacity. Some 44% of them are expecting to go out of business before December 2018.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.