• 3 minutes Looming European Gas Crisis in Winter and North African Factor - a must read by Cyril Widdershoven
  • 7 minutes "Biden Targets Another US Pipeline For Shutdown After 'Begging' Saudis For More Oil" - Zero Hedge Monday Nov 8th
  • 12 minutes "UN-Backed Banker Alliance Announces “Green” Plan to Transform the Global Financial System" by Whitney Webb
  • 14 mins Microbes can provide sustainable hydrocarbons for the petrochemical industry
  • 1 day Hunter Biden Helped China Gain Control of Cobalt Mines in Africa
  • 2 days Building A $2 Billion Subsea Solar Power Cable From Chile To China
  • 11 hours Is anything ever sold at break-even ? There is a 100% markup on lipstick but Kuwait can't break-even.
  • 1 day Monday 9/13 - "High Natural Gas Prices Today Will Send U.S. Production Soaring Next Year" by Irina Slav
  • 13 hours Modest drop in oil price: SPRs vs US crude inventory build
  • 23 hours 2019 - Attack on Saudi Oil Facilities.
  • 3 days Ukrainian Maidan after 8 years
  • 3 days Peak oil - demand vs production
  • 4 days "How the CO2 shortage is impacting the food and drink sector" - Specialty Food Magazine
  • 4 days NordStream2
  • 4 days "Gold Set To Soar As Inflation Fears Mount" by Alex Kimani

Guaido Announces “Final Phase” In Government Change Plan

Venezuela’s opposition leader and self-declared interim president Juan Guaido has announced what he has termed the “final phase” in the opposition’s plan to take over the country from the Nicolas Maduro government, Reuters reports, citing Guaido’s call for the Venezuelan military to join what increasingly looks like a coup attempt.

ccording to a Reuters reporter on site, about 70 armed men in military uniforms gathered at a military base together with Guaido and several hundred opposition supporters but about two hours after the opposition leader tweeted the announcement about the “final phase”, there was no visible escalation between opposition supporters and government forces. At the military base, the Reuters reporter said, government security forces fired tear gas at Guaido’s group.

“We reject this coup movement, which aims to fill the country with violence,” Venezuela’s Defense Minister Vladimir Padrino said, as quoted by Reuters.

The Reuters report counters another statement by Guaido made to the Spanish unit of CNN, which said the Venezuelan army was not behind Maduro.

“Evidently, there is no such backing of the armed forces to Maduro’s regime," he said, adding “It’s great news for the entire country that the military of Venezuela’s armed forces have taken this step. They were an important part of this. This was fundamental not only for a transitioning, but to recover Venezuela’s sovereignty. Here we are next to our legislators, the military and soon with the people of Venezuela. We are determined to conquer freedom for our country.”

According to the country’s Foreign Minister, Jorge Arreaza, the Guaido announcement and the events that followed were part of an attempt at a coup d’etat backed by the United States and Colombia.

"We denounce before the international community the support of the Colombian government for this new attempt at a coup d'etat in Venezuela. All the unconstitutional actions of the last few months in Venezuela have been planned from Washington and Bogota,” the official said in a tweet.

By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com:

Join the discussion | Back to homepage

Leave a comment
  • Mitch Farney on April 30 2019 said:
    This is such a new way of doing things for a change in power. I'm not sure this non violent angle is going to work... but if the military does get behind the movement, without bloodshed occurring first with "defectors" of the army. Really wont take long to restore oil production to above a million bpd if things stay this peaceful and gets fought in the courts. Seems like by now it should be a full civil war

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