{"id":16835,"date":"2016-01-22T13:35:24","date_gmt":"2016-01-22T18:35:24","guid":{"rendered":"http:\/\/olduvai.ca\/?p=16835"},"modified":"2016-01-22T13:35:24","modified_gmt":"2016-01-22T18:35:24","slug":"maduro-wake-up-call-for-opec-as-venezuela-crude-crashes-to-13-year-lows","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=16835","title":{"rendered":"Maduro &#8220;Wake Up&#8221; Call For OPEC As Venezuela Crude Crashes To 13 Year Lows"},"content":{"rendered":"<h3 class=\"title\"><a href=\"http:\/\/www.zerohedge.com\/news\/2016-01-22\/maduro-wake-call-opec-venezuela-crude-crashes-13-year-lows\" target=\"_blank\">Maduro &#8220;Wake Up&#8221; Call For OPEC As Venezuela Crude Crashes To 13 Year Lows<\/a><\/h3>\n<div class=\"tabs\"><strong>Venezuela&#8217;s crude oil basket price collapsed to as low as $20.20 yesterday<\/strong>, according to the socialist utopia&#8217;s President Maduro.\u00a0<a href=\"http:\/\/www.zerohedge.com\/news\/2016-01-21\/venezuela-hits-point-no-return-2016-bankruptcy-difficult-avoid-according-barclays\">Having already &#8220;passed the point of no return,&#8221;<\/a>\u00a0Maduro rages that OPEC producers appear to be &#8220;finally waking up&#8221; to what they have unleashed noting that, according to him,\u00a0<em><strong>Russia&#8217;s Putin has agreed to &#8220;work on oil price issues.&#8221;<\/strong><\/em><\/div>\n<div class=\"node\">\n<div class=\"content\">\n<p>More jawboning and hope&#8230;<\/p>\n<ul>\n<li><strong>*VENEZUELA&#8217;S MADURO SAYS HE SPOKE W\/RUSSIA&#8217;S PUTIN ON OIL<\/strong><\/li>\n<li><strong>*RUSSIA&#8217;S\u00a0PUTIN AGREED TO WORK ON OIL PRICE ISSUES: MADURO<\/strong><\/li>\n<li><strong>*SOME OPEC PRODUCERS &#8216;WAKING UP&#8217; TO OIL SITUATION: MADURO<\/strong><\/li>\n<li><strong>*VENEZUELA\u00a0OIL PRICE REACHED $20.20\/BBL\u00a0YESTERDAY, MADURO SAYS<\/strong><\/li>\n<li><strong>*VENEZUELA SHOULD REPLACE OIL AS MAIN FX INCOME SOURCE: MADURO<\/strong><\/li>\n<li><strong>*VENEZUELA&#8217;S MADURO SAYS HE\u00a0HOPES OIL MARKET RECOVERS<\/strong><\/li>\n<\/ul>\n<p><strong>\u201cSome OPEC countries that flooded the oil market are now waking up,\u201d<\/strong>\u00a0President Nicolas Maduro said on state television.<\/p>\n<p><strong>Flooding oil market was \u201csuicidal policy\u201d by some oil producers<\/strong>: Maduro<\/p>\n<p>Maduro said he spoke with Russia President Vladimir Putin on oil prices &#8211;\u00a0<strong><em>\u201cWe agreed to continue working on a common vision, a common plan\u201d<\/em><\/strong><\/p>\n<p>Hope is not a strategy&#8230;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2016\/01-overflow\/20160122_venz_0.jpg\" alt=\"\" width=\"600\" height=\"294\" \/><\/p>\n<p><a href=\"http:\/\/www.zerohedge.com\/news\/2016-01-21\/venezuela-hits-point-no-return-2016-bankruptcy-difficult-avoid-according-barclays\"><em>As we concluded previously,\u00a0<\/em><\/a>what all this translates to is simple:<em><strong>\u00a0first default, then revolution.\u00a0<\/strong><\/em><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user5\/imageroot\/2016\/01-overflow\/maduro%20TP.jpg\" alt=\"\" width=\"600\" height=\"337\" \/><\/p>\n<p>Which is good news for those who buy CDS. Our only hope for those who have held so far is that the counterparty you will have to novate with will still be around once the sparks fly, because once this first OPEC member goes bankrupt, things will start moving very fast.<\/p>\n<p>Finally, for all those who are praying for an oil bounce, your day may be near, because nothing will send the price of crude soaring quite as fast as one entire OPEC nation suddenly entering a death spiral of chaos.<\/p>\n<div class=\"fivestar-static-form-item\"><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Maduro &#8220;Wake Up&#8221; Call For OPEC As Venezuela Crude Crashes To 13 Year Lows Venezuela&#8217;s crude oil basket price collapsed to as low as $20.20 yesterday, according to the socialist utopia&#8217;s President Maduro.\u00a0Having already &#8220;passed the point of no return,&#8221;\u00a0Maduro rages that OPEC producers appear to be &#8220;finally waking up&#8221; to what they have unleashed [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[1626,4333,184,200,2493,592,600,851,857,4318],"class_list":["post-16835","post","type-post","status-publish","format-standard","hentry","category-economics","tag-cds","tag-crude","tag-crude-oil","tag-default","tag-maduro","tag-oil-price","tag-opec","tag-venezuela","tag-vladimir-putin","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/16835","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16835"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/16835\/revisions"}],"predecessor-version":[{"id":16836,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/16835\/revisions\/16836"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16835"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16835"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16835"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}