Venezuela Has One Functioning Oil Rig and Venezuela Oil Will Likely Never Recover

Venezuela has one active oil rig according to the Baker Hughes international oil rig report. Venezuela is producing 367,000 barrels of oil per day. In 2016, Venezuela’s economy needed about 600,000 barrels per day. Venezuela depends upon oil import shipments from Iran. Venezeuela had oil production levels of 2.4-3.5 million barrels per day and was …

Read moreVenezuela Has One Functioning Oil Rig and Venezuela Oil Will Likely Never Recover

Desperate Venezuela Seems to Fail at Attempted Piracy

A cruise ship, Resolute, was rammed by a Venezuelan military patrol ship and the military ship sank. Columbia Cruise Services operates the cruise ship. The cruise ship was in international waters more than 13 nautical miles (24km) from La Tortuga and it was carrying out engine maintenance. The Resolute is a purpose-built polar expedition vessel. …

Read moreDesperate Venezuela Seems to Fail at Attempted Piracy

US Offers Members of Venezuela’s Military a Deal if They Switch to Rebel Side

Venezuela might be in the regime change endgame and a new phase in the ongoing crisis. The US has threatened Cuba with full and complete sanctions and has offered members of Venezuela’s military the opportunity to get a deal if they switch sides. In early 2018, Nextbigfuture predicted that Venezuela’s economy would deteriorate so that …

Read moreUS Offers Members of Venezuela’s Military a Deal if They Switch to Rebel Side

Venezuela’s Oil Collapse Makes it Expensive for Russia and Cuba to Prop up Maduro

Venezuela’s oil production has dropped by 40% since the end of 2018 and is now one-third of its 2012-2014 level. OPEC says Venezuela only produced 960,000 barrels per day in March. This is down from the 1.4 to 1.5 million barrel per day through most of 2018. Power outages and the continuing economic dumpster fire …

Read moreVenezuela’s Oil Collapse Makes it Expensive for Russia and Cuba to Prop up Maduro

Trade Deal, Venezuela and Other News Updates

1. On the Venezuela-Colombia border, thirteen or more members of the Venezuelan security forces defected on Saturday. A military outpost near the Venezuela-Brazil border has been taken over by a militia loyal to President Maduro, according to VPI TV. There are competing but separate rallies of Maduro and Guido supporters. There has been violence and …

Read moreTrade Deal, Venezuela and Other News Updates

One General and Some Police are Changing Sides in Venezuela

The Venezuelan interim President Juan Guaidó indicates that the General of Aviation, Francisco Yánez is supporting him. The PNB (Bolivarian National Police is Venezuela’s national police force) has refused to repress the people in Lara. More police and military officials are supporting Juan Guaidó. There were large crowds in Coro, Aragua, Barinas, Barquisimeto and more …

Read moreOne General and Some Police are Changing Sides in Venezuela

US Treasury Will Block $7 Billion in Assets from Venezuela’s Oil Company

The U.S. Treasury will block $7 billion in assets of Venezuela’s state-run oil firm PDVSA. The [US] Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated Petroleos de Venezuela, S.A. (PdVSA) pursuant to Executive Order (E.O.) 13850 for operating in the oil sector of the Venezuelan economy. …. As Venezuela’s state owned oil …

Read moreUS Treasury Will Block $7 Billion in Assets from Venezuela’s Oil Company

Will the loyalty of Venezuela’s military follow the money?

How will Maduro be able to keep the loyalty of the military when Guaido has all the money? The USA has already started to arrange to give all of its oil purchase money and gold to Venezuela’s new President Guaido. In 8 days, the EU money will start heading to Guaido’s side. All of the …

Read moreWill the loyalty of Venezuela’s military follow the money?

Many Nations Recognize Guaido in Venezuela as Possibly Millions Took to the Streets

Canada, Brazil, Peru and Colombia have joined the USA in recognizing Juan Guaido in Venezuela. This is reported by the Global News in Canada. The Miami Herald reported crowds amassed in Sucre, in eastern Caracas — one of the eight opposition rallying points. City council member Juan Carlos Vidal said violent clashes overnight with police …

Read moreMany Nations Recognize Guaido in Venezuela as Possibly Millions Took to the Streets