{"id":2746,"date":"2014-12-10T15:08:00","date_gmt":"2014-12-10T20:08:00","guid":{"rendered":"http:\/\/olduvai.ca\/?p=2746"},"modified":"2014-12-10T15:08:00","modified_gmt":"2014-12-10T20:08:00","slug":"venezuela-default-probability-has-never-been-higher-maduro-working-to-raise-oil-prices-zero-hedge","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=2746","title":{"rendered":"Venezuela Default Probability Has Never Been Higher; Maduro &#8220;Working To Raise Oil Prices&#8221; | Zero Hedge"},"content":{"rendered":"<p><a href=\"http:\/\/www.zerohedge.com\/news\/2014-12-10\/venezuela-default-probability-has-never-been-higher-maduro-working-raise-oil-prices\">Venezuela Default Probability Has Never Been Higher; Maduro &#8220;Working To Raise Oil Prices&#8221; | Zero Hedge<\/a>.<\/p>\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\">With OPEC slashing demand expectations to 12 year lows, oil prices have re-cratered today putting further pressure on socialist-utopia Venezuala which needs $121\/bbl to break-even.\u00a0<strong>Credit risk for the South American nation has exploded today to record highs &#8211; implying a 93% probability of default<\/strong>\u00a0and President Maduro has taken to the airwaves to calm a benefit-needy nation&#8230; tensions are mounting&#8230;<\/p>\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\">Default risk has gone vertical&#8230;<\/p>\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\"><a style=\"text-decoration: none; color: #1e439a;\" href=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2014\/12\/20141210_VENZ.jpg\"><img loading=\"lazy\" decoding=\"async\" style=\"max-width: 100%; height: auto; border: 0px initial initial;\" src=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2014\/12\/20141210_VENZ_0.jpg\" alt=\"\" width=\"600\" height=\"633\" \/><\/a><\/p>\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\">\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\">As bond prices and black market FX crash further.<\/p>\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\"><!-- [if gte mso 9]><xml>\n <w:WordDocument>\n  <w:Zoom>0<\/w:Zoom>\n  <w:DisplayHorizontalDrawingGridEvery>0<\/w:DisplayHorizontalDrawingGridEvery>\n  <w:DisplayVerticalDrawingGridEvery>0<\/w:DisplayVerticalDrawingGridEvery>\n  <w:UseMarginsForDrawingGridOrigin\/>\n <\/w:WordDocument>\n<\/xml><![endif]--> <!--StartFragment--><\/p>\n<p class=\"MsoNormal\"><span style=\"font-size: 13.0pt; font-family: LucidaGrande; color: #282828;\">&#8230;click on the above link to read the rest of the article&#8230;<\/span><\/p>\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\"><!--EndFragment--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Venezuela Default Probability Has Never Been Higher; Maduro &#8220;Working To Raise Oil Prices&#8221; | Zero Hedge. With OPEC slashing demand expectations to 12 year lows, oil prices have re-cratered today putting further pressure on socialist-utopia Venezuala which needs $121\/bbl to break-even.\u00a0Credit risk for the South American nation has exploded today to record highs &#8211; implying [&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":[2,3],"tags":[200,239,1775,851,1812],"class_list":["post-2746","post","type-post","status-publish","format-standard","hentry","category-economics","category-energy-2","tag-default","tag-economic-crisis","tag-oil-price-collapse","tag-venezuela","tag-venezuela-default"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2746","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=2746"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2746\/revisions"}],"predecessor-version":[{"id":2747,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2746\/revisions\/2747"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2746"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}