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 …

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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 …

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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 …

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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 …

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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 …

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Venezuela National Guard and Low-Income Base Demonstrating Against Maduro

Forbes and other news sources are reporting that Venezuela’s National Guard and Maduro’s low-income base are involved in demonstrations against the current regime. The Miami Herald indicates there will be a large anti-government march. Jan. 23 marks the 61st anniversary of the military uprising that toppled dictator Gen. Marcos Pérez Jiménez. They hope that Wednesday’s …

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