venezuela Archive

energyExamining Challenges and Chances for a Successful Coup in Venezuela

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Nextbigfuture wrote several articles in early 2018, where we looked at the rapid economic and social collapse in Venezuela and believed it would lead to a military coup. Nextbigfuture predicted the coup would happen by the end of 2018. There …

energyVenezuela is months from the end game of total chaos or a coup

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Venezuela’s consumer prices rose 834,000 percent in the 12 months through October, according to a report published by the opposition-controlled Congress. The IMF expects hyperinflation to reach 10 million percent in 2019. The number of private businesses operating in Venezuela …

economic impact2009 Honduran constitutional crisis and today

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In political science, the term banana republic describes a politically unstable country with an economy dependent upon the exportation of a limited-resource product, such as bananas or minerals. Honduras is the poster-country that defines the term banana republic. There is …

deathsVenezuela Collapse Horror Show

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The collapse in socialist Venezuela has been extremely bad for three years. There has been starvation, hyperinflation and terrible shortages and a dysfunctional socialist economy. About 2 to 3 million Venezuelans have fled to other countries. People have eaten dogs, …

energySean Penn and Michael Moore still say Chavez was good

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Hugo Chavez and his successor Maduro have brought starvation and economic ruin to Venezuela. Venezuela did have 60% poverty when Chavez started but starvation and crime rates become far bigger problems under Chavez. Sean Penn in a recent interview on …

foodVenezuela’s stores close, people starve and opposition in exile

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Venezuela is on the brink of ruin. The former mayor of Caracas dared to challenge President Nicolas Maduro’s authoritarian regime—and was made a public enemy. The x-mayor is living in exile in Spain. In Venezuela, as many as 15.5 percent …

energyOil prices go and stay above $80 per barrel for a while

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IEA (International Energy Agency) and Saudi Arabia oil prices will go and stay above $80 per barrel as output from Venezuela and Iran drops. Saudi Arabia lifted output by 70,000 barrels a day to 10.42 million last month. This is …

cryptocurrenciesWill failed national cryptocurrencies lead to adoption of better cryptocurrencies?

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Iran is launching a cryptocurrency backed by its national fiat currency the Rial. Transactions will be recorded on a private blockchain based on open-source Hyperledger Fabric technology. The Central Bank of Iran will control the issuance of new tokens at …

oilVenezuela July 2018 oil production half of 2015 levels

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Venezuela was producing oil at about 2.6 million barrels per day in 2015. OPEC estimates Venezuela produced 1.278 million barrels per day in July. This is down from 2.15 million barrels per day in 2016 and 1.91 million barrels per …

energyUS hard oil sanctions on Iran will reduce oil exports by 1 million bpd but not hitting collapsing Venezuela

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The US government forecasts new sanctions on Iran will cut Iran’s oil exports by 700,000 to 1 million barrels a day. Iran exported an average of about 2.1 million barrels of oil per day over the last year. Iran has …