• 3 minutes "Biden Is Running U.S. Energy Security Into The Ground" by Irina Slav
  • 6 minutes How Far Have We Really Gotten With Alternative Energy
  • 9 minutes "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 9 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
  • 8 days Energy Armageddon
  • 1 day "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 3 days "Forget Oil, The Real Crisis Is Diesel Inventories: The US Has Just 25 Days Left" by Zero Hedge - 5 Stars *****
  • 4 days "The Global Digital ID Prison" by James Corbett of CorbettReport.com
  • 3 days "Europe’s Energy Crisis Has Ended Its Era Of Abundance" by Irina Slav
  • 1 day Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 4 days The Federal Reserve and Money...Aspects which are not widely known
  • 19 hours Is Europe heading for winter of discontent with extensive gas shortages?
  • 5 days Goldman Betting on Cryptocurrencies
  • 8 days Сryptocurrency predictions
  • 13 days Putin and Xi Bet on the Global South
Japan Believes An LNG Supply Squeeze Is Looming

Japan Believes An LNG Supply Squeeze Is Looming

Japan, the world’s largest LNG…

Venezuela Bans Opposition Leader Guaido From Politics

Venezuela has banned opposition leader Juan Guaido from holding public officer for a period of 15 years, according to Reuters, citing state comptroller Elvis Amoroso.

Amoroso said the move was made after irregular financial disclosures and alleged spending that did not match his income. The investigation began sometime in February, just days after he declared himself interim president of the Latin American nation. Guaido has already been subject to a travel ban and frozen bank accounts pending Venezuela’s Supreme Court investigation that it undertook in January into “serious crimes violating constitutional order”.

Inside Venezuela Guaido has a tough road to hold, but outside of Venezuela, Guaido has found the favor of the United States and much of the rest of the world, a favor that calls into question just how long Maduro will be able to hold onto power.

Speaking of power, that’s something that Venezuela is finding itself short on in recent weeks, as it suffered two major blackouts that halted oil production and oil exports from a country that holds the largest oil reserves in the world.

On Wednesday, Guaido announced that a mass mobilization plan was underway called “Operation Freedom”, a plan that was designed to force Maduro to step down. Guaido called on the masses to take to the streets to protest the recent power outages that the Maduro regime claims is an act of sabotage by the United States.

Oil production and exports have declined steadily over the last few years, and there seems to be no end in sight to this freefall. Venezuela shuttered its largest oil-exporting terminal on Sunday due to the blackouts, restricting its oil exports even further. The port is essential for Venezuela as it must continue to ship oil to China and Russia to repay sizable loans.

By Julianne Geiger for Oilprice.com

More Top Reads From Oilprice.com:

Join the discussion | Back to homepage

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