Posted on 02/11/2019 7:43:22 AM PST by bananaman22
Nicolas Maduro has asked OPEC to support one of its founding members—Venezuela—against the U.S. sanctions on the Latin American country’s oil industry and denounce the “shameless dispossession” of Venezuelan assets, but Maduro’s plea has fallen on deaf ears, Reuters reported on Monday.
(Excerpt) Read more at oilprice.com ...
I don’t believe OPEC is in any position to help him.
They leveraged their oil for cash loans from China and other countries. Now, like a druggie, they have no more assets to sell at the pawn shop.
Maduro is one army general away from el mucho caca.
Under Chavez Venezuela dispossessed many industries; Oil, Gas, Banking and Finance, communications, Agriculture, Power Generation, Transportation... The West should have declared war long ago for theft.
Cutting off Maduro from paying his military generals huge $$$$$$ to sustain their loyalty..so he’s hurting in his ability to bribe loyalty.
That’s an excellent point.
And corrupt Generals and Colonels in Latin America have always had escape plans and a place to go if and when things fall apart. This time they might not have many those options.
I agree. Maduro is toast....it’s only a matter of time. I have a friend in Columbia and the number of people leaving Venezuela is tremendous. Most are educated, productive citizens.
They can get a full range of retirement options through a quick visit to their friendly CIA office. Of course, they will need to bring along a portfolio of assets to sell and be prepared to wait in line.
I believe it.
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