Jump to content
The World News Media

Venezuela’s political showdown moves to a U.N. Security Council meeting

TheWorldNewsOrg

By TheWorldNewsOrg
in Topics

 Share

Recommended Posts


  • Views 1.5k
  • Replies 10
  • Created
  • Last Reply

Top Posters In This Topic

Popular Days

Top Posters In This Topic

Popular Days

admin Community Regular

admin

Posted
Posted

You know about the ongoing power struggle between Venezuela’s opposition leader Juan Guaidó and sitting (though widely unrecognized) President Nicolás Maduro...

We also told you about the sanctions the U.S. placed on Venezuela’s state-owned PDVSA oil giant, aimed at cutting off $11 billion in exports from Maduro’s camp this year.

And now...

Venezuela’s oil industry has gone to pieces

Crude production is at a seven-decade low, and exports are at a 10-month low. That’s rough news for a country that ranked among the world’s top five oil exporters as recently as the late 90s.

Talent is leaving. Per the AP, “From the tar sands of northern Canada to the deserts of Kuwait, Venezuelan roughnecks now live in more than 90 oil-producing countries.”

And it’s been happening for a while. At least 30,000 oil workers have fled since the early 2000s, when then-President Hugo Chávez fired tons of them for going on strike and knocking output. But the most recent sanctions on PDVSA paired with political chaos have exacerbated the oil industry’s issues.

Now, there’s “desperation and chaos” at PDVSA

Bloomberg reported employees are working round the clock to find new markets to sell its crude, even contacting ex-employees to ask for trader info.

  • Last year, Venezuela loaded a vessel a day to U.S. refiners. Since sanctions hit Jan. 28, only one (1) vessel has been loaded.

Bottom line: Oil’s been the backbone of Venezuela’s economy, so sanctioning PDVSA represents a calculated move by the U.S. to cut off funds from Maduro’s government. But if the country’s top brass isn’t swayed by the effects of the sanctions, those very sanctions could send the country even further into disaster.

via Morning Brew

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
×
 Share
Go to topic listing



  • Recently Browsing

    • No registered users viewing this page.

  • Popular Contributors

  • Topics

  • Posts

    • Cionweest
      Dendera zodiac

      By Cionweest · Posted

      By the way, if you're into stuff like this, you might wanna check out https://thepythagoras.com/. They have some neat articles about ancient civilizations and their contributions to science and math. It’s really interesting how much we owe to these early thinkers.
    • Cionweest
      Dendera zodiac

      By Cionweest · Posted

      The Dendera Zodiac is such an amazing piece of history. Imagine ancient Egyptians looking up at the same stars we do now and creating this detailed map. It's mind-blowing! So, what do I think about it? I think it's a fascinating blend of art and astronomy. Those ancient folks really knew their stuff. The way they incorporated their gods and mythologies into the constellations is just brilliant. And it's not just about the stars, it’s a glimpse into how they viewed the universe and their place in it.
    • caminando
      Algorand Partners With FIFA World Cup

      By caminando · Posted

      FIFA's collaboration with Algorand represents a significant milestone for blockchain technology. Algorand will serve as the official blockchain platform for FIFA, supporting events such as the FIFA Women's World Cup in Australia and New Zealand in 2023 and the FIFA World Cup in Qatar in 2022. This partnership is poised to enhance FIFA's digital asset management while boosting Algorand's visibility through advertising and promotional opportunities. On another note, I've been tuning into African football recently. The match between Kanifing East FC and Latrikunda United was unexpectedly impressive. African football often goes underappreciated, yet the skill and enthusiasm in these matches are evident. We can expect even more significant development and excitement in African football with increased attention and support.
    • JoC
      Algorand Partners With FIFA World Cup

      By JoC · Posted

      The partnership between FIFA and Algorand is a big step for blockchain technology. Algorand will be the official blockchain platform for FIFA, sponsoring events like the FIFA Women's World Cup in Australia and New Zealand in 2023 and the FIFA World Cup in Qatar in 2022. This partnership will help FIFA with digital assets and provide advertising and promotional opportunities for Algorand. 
    • alain
      Algorand Partners With FIFA World Cup

      By alain · Posted

      Are you  excited for the upcoming Euro Cup?

  • Members

    • alessandro1

      alessandro1 0

      Member
      Joined:
      Last active:

  • Recent Status Updates

    • Gilles h

      Gilles h  »  jpl

      Bonjour mon frère 
      J'espère que tu vas bien 
      Aurais-tu les points actualités et culte matinal en transcription.
      Je te remercie d'avance 
      Merci de partager avec nous
      Un très belle journée 
       
      · 2 replies
    • lauleb

      lauleb  »  misette

      merci pour ton travail très utile. tu es une aide qui fortifie
      · 0 replies
    • Pamela Dunston

      Pamela Dunston  »  T.B. (Twyla)

      Hi, TB
      I would like to get the weekly meeting and watchtower materials  and the 2024 convention 
      Attend the 2024 Convention—“Declare the Good News!”
      notebook, I just recently got a new computer, If don't mind my brother to add me on and allow me access to our study again.
       
      Thank you, so much
      Sister Dunston
      · 2 replies
    • SpiritualSister 24

      SpiritualSister 24  »  DARLENE2022

      Hello, Darlene, I just love your name, I had a cousin named Darline, and had a classmate also named Darlene! It's a pleasure to know another Darlene! Especially a Spiritual Sister! There's some websites, Ministry Ideaz , JW Stuff.com, and Etsy that I use to order my yearly buttons for the Conventions! They always send me what I order, and their also Jehovah's Witnesses, that send us the merchandise we order!  You can check out these websites, and they might have what your looking for! I hope I have been helpful in assisting you, Darlene! Agape love, Shirley!😀
      · 1 reply
    • SpiritualSister 24

      SpiritualSister 24

      2024"Enter Into God's Rest" Circuit Assembly! 
      · 0 replies

  • Forum Statistics

    • Total Topics
      65.4k
    • Total Posts
      158.9k

  • Member Statistics

    • Total Members
      17,714
    • Most Online
      1,797
    ConStapleton18
    Newest Member
    ConStapleton18
    Joined
×
×
  • Create New...

Important Information

Terms of Service Confirmation Terms of Use Privacy Policy Guidelines We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.