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U.S. Shale Scrambles To Innovate Its Way Out Of Crisis

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Venezuela’s Regime Tortured Suspected Plotters

A day before Venezuela’s President Nicolas Maduro will be sworn in for a second six-year term in office, Human Rights Watch and Venezuelan non-governmental group Foro Penal said on Wednesday that Venezuela’s intelligence and security forces had detained, tortured, and abused military personnel accused of “treason” and “instigating rebellion”.

“The Venezuelan government has brutally cracked down on members of the military accused of plotting against it,” José Miguel Vivanco, Americas director at Human Rights Watch, said in a statement.

“Not only are intelligence agents detaining and torturing members of the military, in some cases they are also going after their families or other civilians when they can’t find the suspects.”

According to HRW, these are not isolated cases: instead, they point to a systematic practice by the Venezuelan security forces since 2014.

Meanwhile, Nicolas Maduro will be sworn in on Thursday for a second term as president of the country whose economic and social meltdown defies belief. According to the IMF, Venezuela’s economy will have collapsed by 18 percent in 2018, while the 2019 annual inflation rate is expected to be 10 million percent. 

More than 3 million Venezuelan people have fled the country amid an aggravating humanitarian crisis and an extreme poverty rate of 40 percent.

The economic collapse adds to years of mismanagement and underinvestment in the oil industry to further complicate attempts in Venezuela, one of OPEC’s five founding members, to stop the steep decline of its oil production.

According to OPEC’s secondary sources, Venezuela’s crude oil production continues to plunge—by another 52,000 bpd from October to stand at 1.137 million bpd in November. To compare, Venezuela’s oil production averaged 2.154 million bpd for 2016 and 1.911 million bpd for 2017.

The U.S. sanctioned on Tuesday seven Venezuelan individuals and 23 entities involved in a corruption scheme designed to take advantage of the Government of Venezuela’s currency exchange practices, generating more than US$2.4 billion in corrupt proceeds.

Meanwhile, Russia’s Deputy Foreign Minister Sergey Ryabkov warned the “hotheads” in the U.S., as TASS news agency put it, against a military scenario in Venezuela.

By Tsvetana Paraskova for Oilprice.com

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  • Willi on January 10 2019 said:
    CLASSIC TO NOTE Obama leaned on the OAS on several occasions NOT to preasure Chavez. Perhaps it would be a prudent task for google & Facebook programers (censorship engineers) to lighted up on censoring the GOP and delete any advice brainiacs like Seeeeen Penn, Oliver Stone, and the Barrakster....
  • Steven Conn on January 09 2019 said:
    Well, if this is true, then they are doing what Washington's regime has done in special jails in Bulgaria, Romania, and Cuba and what Ukraine's current nationalist regime has been doing to the opposition and journalists for almost 5 years now, without any concern from its backers in US and EU.
  • John Brown on January 09 2019 said:
    Maduro & his regime are international criminals. It’s bad enough they & their Sicoalism have destroy Venezuela & left tens of millions to flee or starve in the country w the world’s largest oil reserves. They are murderers & torturers on a massive scale. International arrest warrants should be issued & they all should be charged w crimes against humanity. It’s time for the USA to joins w other major Latin American countries, invade Venzuela before we have a full fledge famine killing millions or a Rawanda situation. Get rid of the mudering communist tyrants now.

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