VENEZUELA'S CRISIS CHOKES GLOBAL OIL

PHOTO CREDITS:GOOGLE

CAPTIONS:A SURGING BUT PROTESTING CROWD IN CARACAS

B]THE PICTURE OF MILITARY CHIEFS OF VENEZUELA AFTER A RECENT MEETING

C]PRESIDENT NICHOLAS MADURO OF VENEZUELA

D]INTERIM LEADER AND OPPOSITION FIGURE:JUAN GUAIDO

BY ABDULMUMINI ADEKU,[LAGOS,NIGERIA]

Crisis in the Latin American nation of Venezuela ,once an oil rich major will appear to be hurting the global oil markets as the stand -off between Caracas and Washington D.C.is said to have shut up all prices of crude oil.

Nations of the world like Saudi Arabia,The United States,Russia,Iran,Kuwait,Iraq,United Arab Emirates,Mexico,China,Libya,Nigeria,Canada,Indonesia,Kazakhstan,Algeria,Norway and the United Kingdom are oil producing majors with Venezuela at number five  with a cumulative production and reserve capacity of 130.6 litres and a super giant as it possesses at least five billion barrels of recoverable oil per day as at 2003 according to a literary source. ,Awake!November,8th,2003.

Analysts believe that the desire to find a common and good market for its goods and services like the potentials the Venezuelan economy has would appear to be mainly responsible for the stand- off.

As at the time of filing this reports,insiders in Caracas ,Venezuela say Mr Juan Guiado who is the nation's speaker of the National Assembly was billed to address the people via series of public rallies and protests believed to be underway.

The Latin American nation of Venezuela is believed to have being grinded to a halt as the battle of who pilots the affairs of the state continues to rage even as at press time.

The News office Desk of the E.N.M.Paedia Express Multimedia Group of Lagos,Nigeria now hears that from the way things now stands it will appear that President Nichola Maduro may have won the battle of wits over who controls the affairs of the state in Caracas,Venezuela over his direct rival and kep opposition figure:Mr Juan Guaido.

This followed the decisions of the United states government to think of the possibility of pulling out of Caracas so to respect Monroe doctrine and at the same time avoid a direct confrontation with Russia..

In a chat with this reporter,Social media analysts and Strategic political commentator ,Mr Jack Amaso likened the situation in Latin America presently to the 1962 Cuban missile crisis that saw The United states squaring up against the old soviet union.

According to him ,at the time both The United states and the Soviets wanted to protect each other's  interests in the region but due to the global tension the issue generated the duo had to eventually reach a compromise thus fuelling speculations that both Guaido and Maduro will have to forge an alliance soon for the future of the people of Venezuela.

 

 

 

 

 

 

 

 

 

 

 

VENEZUELA:TIMELINES OF DRAMA IN CARACAS SINCE JANUARY,2019

1]Trump recognizes the opposition instead of President Nicholas Maduro

2]Feelers suggests over 50 nations in support of Juan Guaido

3]Power tussle between Guaido,Maduro erupts openly

4]Russia,China backs Maduro

5]Maduro accuses the United States of supporting a coupd'e etat

6]United states shuts embassy in Caracas,Appoints a special envoy

7]Venezuela in Darkness due to power outage.

8]Guaido blames outage on incompetence,Maduro says it is sabotage

9]Guido goes to Brazil to talk to Latin American top leaders ,returns home

10]two Russian planes land with about a 1000 soldiers in Venezuela  

11]Guaido now under ban from contesting The Presidency for 15 years.

12]Venezuelans in need of humanitarian aids ,blockage leads to a big fight

13]Guido accused of spending more than he was earning in his audited books.

14]7 major cities affected by power outage

15]aids distribution to begin in days

16]Guaido says divine intervention has prevented his arrest.