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Regime Change Fails: Is A Military Coup or Invasion of Venezuela Next?
Regime Change Fails: Is A Military Coup or Invasion of Venezuela Next? The U.S. has employed all of its regime change tools in Venezuela and although so far they have failed, there is still a chance that a military attack is in store, warn Kevin Zeese and Margaret Flowers. Several signals point to a possible military […]
Venezuela Is Moving From Crisis To Collapse
Venezuela Is Moving From Crisis To Collapse Venezuela’s slumping oil production is a “clear and present danger” to the oil market, RBC Capital Markets said this week. Venezuela’s production continues to fall at a frightening clip, falling to about 1.6-1.7 million barrels per day (mb/d) in December. On an annual basis, Barclays predicts that Venezuela’s […]
Moody’s Pegs Venezuela in “Deeper Phase” Of Financial Insolvency
Moody’s Pegs Venezuela in “Deeper Phase” Of Financial Insolvency Venezuela is now in a “deeper phase of economic stress,” Moody’s Investor Service said on Wednesday, according to The Oil and Gas Journal. Falling oil production and tough economic sanctions have increased pressures on the nation’s financial capacity. Mismanagement and underinvestment in the country’s oil and […]
Trump Administration Planning Pinochet-type Coup in Venezuela
Trump Administration Planning Pinochet-type Coup in Venezuela The retrograde Donald Trump administration is planning a military coup in Venezuela to oust the socialist government of President Nicolas Maduro. U.S. Secretary of State Rex Tillerson, speaking at the University of Texas prior to embarking on a multi-nation tour throughout Latin America and the Caribbean, said the […]
How the Collapse of Venezuela Really Happened: Part 2
How the Collapse of Venezuela Really Happened: Part 2 Finally!!!! After Jose left us hanging in Part 1 of How the Collapse of Venezuela Really Happened, he’s back with part 2. In the last installment, he’d been inadvertently swept up in a mob of protesters. So, I found myself, at age 15 facing a mob coming […]
3 Million Barrels Per Day Could Go Offline In 2018
3 Million Barrels Per Day Could Go Offline In 2018 Venezuela’s oil production has been falling for years, but 2018 could mark a new, darker chapter for the South American nation. Late last year, Venezuela’s government defaulted on millions of dollars’ worth of debt, with larger and more significant payments maturing this year. The ability to […]
Analysis: Venezuela’s oil production plummets amid chaos and industry defections
Analysis: Venezuela’s oil production plummets amid chaos and industry defections Staggering debt, crumbling equipment and infrastructure, and mass worker resignations, have set back Venezuela’s oil industry decades, with experts saying they see scant prospects of any turnaround. Crude output of 1.70 million b/d lowest since strike in 2003: Platts survey Lack of safety protocols could […]
Oil-Rich Venezuela Is Out Of Gasoline
Oil-Rich Venezuela Is Out Of Gasoline After lining up for an entire day to get a plane ticket to visit her relatives in the western city of Mérida, Josefina García did not know if she and her octogenarian mother were going to reach their final destination on time for Christmas. The airport is located 76 […]
Impact of oil production decline and low oil prices: Venezuela
Impact of oil production decline and low oil prices: Venezuela Venezuelan X’mas 2017 without petrol https://losbenjamins.com/2017/12/venezuela-sin-gasolina-navidades/ Petrol lines are nothing new in Venezuela. But the problem is getting deeper and deeper: Top Venezuelan refineries are running at 34% of their capacity 17/10/2017 PUNTO FIJO, Venezuela/HOUSTON (Reuters) – Venezuela’s main refining complex, hobbled by a lack […]
Venezuela Will Back Its Cryptocurrency With 5 Billion Barrels Of Oil, Gold Deposits
Venezuela Will Back Its Cryptocurrency With 5 Billion Barrels Of Oil, Gold Deposits Four months ago, in a not entirely surprising move meant to circumvent US economic sanctions on Venezuela, president Nicolas Maduro announced that his nation would stop accepting dollars as payment for oil imports, followed just days later by the announcement that in […]
2017 Year In Review
Tortoon/Shutterstock 2017 Year In Review Markets fiddle while Rome burns Every year, friend-of-the-site David Collum writes a detailed “Year in Review” synopsis full of keen perspective and plenty of wit. This year’s is no exception. As with past years, he has graciously selected PeakProsperity.com as the site where it will be published in full. It’s quite longer than […]
What Will Drive The Next Oil Price Crash?
What Will Drive The Next Oil Price Crash? As we roll into 2018, analysts and investors are more optimistic that the oil market will further tighten next year and support higher oil prices, but rising U.S. shale production will likely cap any significant price gains. On the demand side, expectations are that global economic growth […]
Oil Market On Edge Following Outages
Oil Market On Edge Following Outages Several key outages have left the oil markets anxious despite a promising start to the week. Analysts are keeping a close eye on both Nigeria and Venezuela as political instability threatens to impact supply further. (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) – Brazil’s oil production […]
The Long and Winding Road to a Haircut
Federico Parra/Getty Images The Long and Winding Road to a Haircut There are significant differences between Puerto Rico and Venezuela regarding the origins of their economic crises, their political systems, their relationship with the US and the rest of the world, and much else. Nonetheless, some notable similarities are likely to emerge as their debt […]
Venezuela Could Lose A Lot More Oil Production
Venezuela Could Lose A Lot More Oil Production After defaulting on debt, Venezuela’s crisis continues to unfold, threatening to worsen the state-owned oil company’s production. PDVSA reportedly told employees that they needed to carry out an austerity campaign, looking for ways to cut costs by 50 percent. The internal memo said that savings needed to […]
