venezuela

energyVenezuela’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 …

chinaTrade 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 …

militaryOne 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 …

futureUS 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 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 …

brazilWill 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. …

chinaMany 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 …

futureVenezuela 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 …

energyVenezuela Has to Pay Debt and Protection Money and Has Declining Oil

Venezuela will struggle to produce 1 million barrels per day through 2019. The IMF and most other analysts expect the reported November production of 1.137 million barrels per day to drop by 18% or more. Oil production is currently falling …

energyExamining Challenges and Chances for a Successful Coup in Venezuela

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

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 …