• 4 minutes Energy Armageddon
  • 6 minutes "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 12 minutes "Europe’s Energy Crisis Has Ended Its Era Of Abundance" by Irina Slav
  • 7 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 13 hours Is Europe heading for winter of discontent with extensive gas shortages?
  • 1 day "False Flag Planted In Nord Stream Pipeline, GFANZ, Gore, Carney, Net Zero, U.S. Banks, Fake Meat, and more" - NEWS in 28 minutes
  • 3 days ""Green" Energy Is a Scam. It Isn't MEANT to Work." - By James Corbett of The Corbett Report
  • 1 day Wind droughts
  • 9 days Kazakhstan Is Defying Russia and Has the Support of China. China is Using Russia's Weakness to Expand Its Own Influence.
  • 5 hours "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 19 hours Australian power prices go insane
  • 4 days Xi Is Set To Be Re-Elected As China’s Leader
  • 1 day Europeans and Americans are beginning to see the results of depending on renewables.
  • 3 days 87,000 new IRS agents, higher taxes, and a massive green energy slush fund... "Here Are The Winners And Losers In The 'Inflation Reduction Act'"-ZeroHedge
  • 12 days Oil Prices Fall After Fed Raises Rates
  • 6 hours Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
Scientists Aim To Unlock The Secrets Of Semiconductors

Scientists Aim To Unlock The Secrets Of Semiconductors

SLAC National Accelerator Laboratory scientists…

Florida’s Power Grid Desperately Needs An Overhaul

Florida’s Power Grid Desperately Needs An Overhaul

With around 14 category-four hurricanes…

Editorial Dept

Editorial Dept

More Info

Premium Content

Venezuela Is Teetering On The Brink

Politics, Geopolitics & Conflict

- Venezuela's PDVSA now has a board controlled by Maduro and another ad hoc board controlled by the opposition - and the state-run oil giant has passed its April 29 deadline for making a $71-million interest payment on its 2020 bond (it has a 30-day grace period). Opposition leader Guaido (head of the National Assembly) has just approved the payment (reluctantly) to avoid a rush to collect on Citgo collateral. Maduro won’t pay however and is refusing to protect Venezuela’s assets by going into default. Maduro is refusing to pay because Guaido controls Citgo now, and the PDVSA bond is backed by shares in the US refiner. At the same time, a US court has also stepped in to lend a hand, granting the company a 120-day stay on its legal fight with a hedge fund over an unpaid debt of over $180 million after it defaulted on four loans. In the meantime, Maduro, has threatened military escalation with Colombia after the latter complained about the entry of Venezuelan troops a couple of hundred meters into Colombian territory. Maduro also took the bold move of arresting a key opposition figure in a show of force intended to demonstrate that his power base is still secure enough.

- The formation of a unity government in South Sudan will be delayed until next year as the current government has failed to disarm all militant groups that signed the peace agreement last September.

- President Trump has imposed sanctions on…





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News