The battle for CITGO money has begun. This week, the National Assembly approved the appointment of new directors for the U.S.-based PDVSA company that sells gasoline in 29 U.S. states and operates three refineries in U.S. soil.
Among the rumors of what the regime can do to avoid the U.S. measures, some terrifying questions emerge. Without imported naphtha, how can PDVSA export any diluted heavy oil at all? What fuel could be then used by the thermoelectric plants? And how many days with gasoline and diesel do we have in this country?
It’s a currency that doesn’t exist, and it’s illegal for the U.S., but when chavismo makes it mandatory to pay for intellectual property in petros, how can international clients protect their work without getting accused of a crime?
Desiré Cumare, a nurse from Maracao, at the southwestern tip of Caracas, saw how the regime’s death squad killed his son kicking his head, “just because we can”. They also sacked the apartment. “It’s a war on us.”
Guaidó announced he’ll start managing the nation’s cashflow almost at the same time the U.S. announced new sanctions against PDVSA. Money is one of the reasons part of the Armed Forces are still behind Maduro. What happens when Maduro runs out of petrodollars to give them?
Nothing spells ‘endgame’ like a distressed authoritarian government, with its legitimacy rapidly vanishing in the eyes of the international community, trying and failing to plunder its nation’s riches one last time.
Prices and trading volumes in VENZ/PDVSA bonds are spiking in tandem with Juan Guaidó's bold move towards regime change. Against all odds, the Venny Bulls are back!
Camaraderie, friendship, happiness and beauty can flourish after the worst of circumstances and in the dirtiest of places. The Guaire river may split Caracas in two, but it brought these young Venezuelans together.
While the nation braces for a new political blizzard, the most vulnerable of our youth get by however they can. Hungry, exhausted and scared, this is the story of the homeless vendors who survive under indifferent eyes.
Rhetoric aside, what has the Maduro Era done to Venezuelans’ livelihoods? A deep dive into the numbers behind a calamity.
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