• 3 minutes Nucelar Deal Is Dead? Iran Distances Itself Further From ND, Alarming Russia And France
  • 5 minutes Don Jr. Tweets name Ukraine Whistleblower, Eric Ciaramella. Worked for CIA during Obama Administration, Hold over to Trump National Security Counsel under Gen McCallister, more . . . .
  • 9 minutes Shale pioneer Chesepeak will file bankruptcy soon. FINALLY ! The consolidation begins
  • 12 minutes China's Blueprint For Global Power
  • 7 hours EU has already lost the Trump vs. EU Trade War
  • 1 hour Pioneer's Sheffield in Doghouse. Oil upset his bragging about Shale hurt prices. Now on campaign to lower expectations, prop up price.
  • 27 mins Science: Only correct if it fits the popular narrative
  • 4 hours ''Err ... but Trump ...?'' *sniff
  • 54 mins China's Renewables Boom Hits the Wall
  • 14 mins What are the odds of 4 U.S. politicians all having children working for Ukraine Gas Companies?
  • 6 hours Tesla Launches Faster Third Generation Supercharger
  • 15 hours Who writes this stuff? "Crude Prices Swing Between Gains, Losses"
  • 7 hours Passerby doused with flammable liquid and set on fire by peaceful protesters
  • 5 hours Crazy Stories From Round The World
  • 1 day Haaretz article series _ Saudi Arabia: A Kingdom in Turmoil | Part 1 - Oil Empire

Breaking News:

Russia Plans To Boost Crude Oil Exports

6 Technology Trends Revolutionizing The Transportation Sector

6 Technology Trends Revolutionizing The Transportation Sector

Greener and leaner transportation is…

Oil Giant Stoically Refuses To Pay Ransom

Oil Giant Stoically Refuses To Pay Ransom

Mexico’s Energy Minister Rocio Nahle…

Maduro Announces Power Rationing Plan After Third Blackout

Maduro Petro

Venezuela’s president Nicolas Maduro announced 30 days of electricity rationing after a third blackout hit the struggling South American country. The Associated Press quotes Maduro as saying on Sunday the rationing would help the government deal with the blackouts that have also affected adversely water supply and communications.

They also sparked protests, reinforced by calls to people to take to the streets by National Assembly president and opposition leader Juan Guaido. Guaido called on Venezuelans to go out and protest the lack of basic services caused by the blackouts. Maduro, for his part, has blamed the first major blackout that sank Venezuela into darkness for days on the U.S., calling it a sabotage attempt seeking to topple him from power.

According to local reports, the police were peaceful but groups of Maduro supporters called colectivos had been dispersing protesters in some parts of Caracas with threats and gun shots. Maduro has called on the colectivos and other government supports to keep the peace amid the blackouts.

The blackouts are the latest in a host of woes for the sanction-stricken country. The first one crippled the already ailing economy and paralyzed Venezuela’s oil industry. So did the second one, which shut down the country’s most important oil export terminal, the port of Jose, temporarily suspending vital shipments of oil amid a shrinking client base.

This may shrink further as reports emerged last week that Washington was pressuring commodity traders to stop buying Venezuelan crude even if the deals were not in violation of the U.S. sanctions against Venezuela.

The blackouts are also wreaking havoc on production—already in decline—as the heavy crude upgraders that turn Venezuela’s extra heavy oil into a liquid transportable by tankers also shut down where there is no power. Backup generation capacity has proven difficult to come by judging by the fact that the second outage shut down Jose and the upgraders for several days.

By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com:

Join the discussion | Back to homepage

Leave a comment
  • Bill Simpson on April 01 2019 said:
    Not a lot works nowadays without electricity. That is why another Carrington event sized solar storm hitting the US and Canada today would kill most of the population by burning up power transformers which would knock out the grid for months, or years. Fuel, food, and fresh water would soon be unavailable. After a month without electric power, most people would be dead from starvation. Nothing would move, since petroleum couldn't be refined and transported.
    After about a week without electricity, civilization begins to completely collapse. Even communication becomes impossible since the telephone system no longer functions. Once the food in your home runs out, you're screwed. No use going to the grocery. It is dark and looted clean.

Leave a comment

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