• 5 minutes Drone attacks cause fire at two Saudi Aramco facilities, blaze now under control
  • 7 minutes China Faces Economic Collapse
  • 11 minutes Oil Production Growth In U.S. Grinds To A Halt
  • 13 minutes Iran in the world market
  • 15 minutes Ethanol, the Perfect Home Remedy for A Saudi Oil Fever
  • 17 minutes Experts review Saudi damage photos. Say Said is need to do a lot of explaining.
  • 1 min Let's shut down dissent like The Conversation in Australia
  • 7 hours Saudis Confirm a Cruise Missile from Iranian Origin
  • 2 hours Who Benefits From The "Iran Attacked Saudi Arabia" Narrative?
  • 50 mins Pompeo: Aramco Attacks Are An "Act Of War" By Iran
  • 15 hours Is It Time To Invest In Offshore Drillers?
  • 12 hours Trump Will Win In 2020 And Beyond..?
  • 17 hours Trump new National Security Advisor. Trump easily manipulated.
  • 10 hours Democrats and Gun Views
  • 21 hours Aramco Production
  • 18 hours The Spy Money: U.S. Wants To Seize All Money Edward Snowden Makes From New Book
  • 15 hours Yawn... Parliament Poised to Force Brexit Delay Until Jan. 31
Can Argentina's Shale Boom Survive?

Can Argentina's Shale Boom Survive?

Argentina’s shale boom is falling…

Trade War Optimism Halts Oil Price Slump

Trade War Optimism Halts Oil Price Slump

Financial markets have received a…

Guaido Seeks U.S. Military Help To Overthrow Maduro


Juan Guaido, the leader of the Venezuelan opposition, has instructed his envoy to the United States Carlos Vecchio to start talks with the U.S. military for help in overthrowing the Nicolas Maduro government, the Associated Press reports, citing a statement by Guaido.

In his statement, the self-declared interim president of Venezuela referred to the talks as “direct communications” on a possible military “coordination”, in the latest sign that his efforts and those of his compatriots are not having the desired effect despite weeks of protests and a takeover of the U.S. business of Venezuela’s PDVSA, Citgo.

At the end of April, Guaido declared what he called “the final phase” in the opposition’s battle against the incumbent government, saying some in the Venezuelan military had switched allegiances and now supported the opposition. He called on the rest to drop their loyalty to Maduro and join the opposition’s fight. However, the phrase “final phase” turned out to be a little exaggerated with a few soldiers joining in the protests and nothing definitive resulting from them.

The opposition leader has said he considers that he has the right to invite foreign military forces to intervene in Venezuela in a way similar to how Simon Bolivar, the leader of the Venezuelan revolutionary movement, invited British mercenaries to oust the Spaniards from the country. What he may have neglected, however, is that there is a difference between ousting a foreign ruler and removing a local government despite the less than flattering track record of that same government using the military of a country that is unlikely to be a favorite with many Venezuelans suffering the consequences of U.S. sanctions.

In other words, the situation in the troubled country will likely continue to deteriorate, and as a direct result of this, Venezuela’s oil production will continue to suffer, supporting international prices. A direct U.S. military intervention--which, the AP notes, has not been seriously considered so far despite general statements to the tune of every option being on the table--would undoubtedly push prices even higher.

By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com:

Join the discussion | Back to homepage

Leave a comment
  • Ram NA on May 13 2019 said:
    I, for some reason, am thinking about Afghanistan. Hope Venezuela is saved.
  • Daniel Gonzalez on May 13 2019 said:
    Sincerely, your article is completely wrong. This journalist is a communist. Come and live in Venezuela so you can understand what is really going on. Guaido is risking his life to save his country. it is not because the US sanctions why Venezuela is where it is right now. Venezuela has had this economic and social mess since those criminal (Chavez and then Maduro) took the power. This article is completely yellowish.

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play