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Venezuela shipping subsidized oil to Cuba as people at home are starving

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One reason for the near-total collapse of Venezuela’s economy has been the dramatic decline in world oil prices. But at the same time, Venezuela’s government-run oil company has been crumbling from within, producing less oil every month because of incompetence and mismanagement. In fact, last month was the lowest level of oil production the nation has seen in 30 years:

Venezuelan oil production crashed to a new 30-year low of 1.5 million barrels a day in June, the Organisation of the Petroleum Exporting Countries (OPEC) said today…

According to the International Monetary Fund (IMF), Venezuela’s economic collapse is one of the worst in modern history. The economy has shrunk 45 percent since 2013 and the IMF expects it to contract 15 per cent in 2018 alone, with inflation reaching 13,800 per cent.

It turns out that stacking the nation’s leading industry with socialist cronies isn’t great for actual oil production. But even as the nation faces five-digit inflation and people starving at home, President Nicolas Maduro continues to ship subsidized oil to his buddies in communist Cuba. The Miami Herald explains why:

News reports that a shipment of 500,000 barrels of crude was on its way this week to the port of Matanzas in northwestern Cuba sparked indignation among many in Venezuela, a country suffering under the worst economic crisis of its history.

The oil that Venezuela supplies to Cuba equals about 55,000 barrels per day and costs about $1.2 billion per year, money that could help the country curb inflation, import urgently needed medicines or provide food to the 9 million Venezuelans who say they eat only once per day…

Why?

“Because Cuba today is the real mainstay of his power,” said De La Cruz. “Without the Cuban support, Maduro would have been gone a long time ago. Havana today is supplying him with the instruments of repression and the intelligence apparatus that allows him to stay in power despite the tornado he faces.”…

“There have been purchases of light crude in the open market, Russian crudes, and these are sent to Cuba,” said Juan Fernandez, former PDVSA executive director of planning.

That’s extremely expensive, Fernandez added, “but Maduro’s commitment to the Cuban regime is indestructible. Venezuela goes hungry before he stops sending barrels to Cuba.”

A security analyst tells the Herald that if not for Cuba’s help, Maduro would be unable to prevent some of the plots aimed at removing him from office. So he’ll continue to pay however much he must to keep Cuba happy, even as people in Venezuela have resorted to butchering dogs in the street.

Inflation has become so bad that a cup of coffee now costs 1 million bolivars. The cost of a haircut is about the same. Everyone in Venezuela is a millionaire and nearly everyone is starving. As the report below shows, regular people have started to abandon money altogether and are returning to a system of bartering like something out of a post-apocalyptic movie. This is what you get in a state that adopts socialist policies: hungry people, useless money, and a security state that sees the people as a potential threat to its continued existence.

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Obama’s Former Director of National Intelligence Says Obama Behind Entire Russia Witch Hunt!

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Guest post by Joe Hoft

President Obama’s former Director of National Intelligence, James Clapper, came clean on CNN and stated that former President Obama was behind spying on President Trump!

James Clapper was on CNN yesterday and he stated that Obama was behind spying on President Trump and all the corrupt and criminal actions involving the government, including the Mueller investigation –

According to Obama’s former spy chief, James Clapper, who appeared on CNN to say it was Obama who set the entire Russia witch-hunt into motion by tasking the intelligence community assessment.

Clapper said –

If it weren’t for President Obama we might not have done the intelligence community assessment that we did that set up a whole sequence of events which are still unfolding today including Special Counsel Mueller’s investigation.  President Obama is responsible for that.  It was he who tasked us to do that intelligence community assessment in the first place.

The cat is out of the bag.

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Sunday morning talking heads

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It’s a special day on the Sunday shows when socialism’s new superstar drops by to show off her intellectual chops.

She’ll be on “Face the Nation” along with her idol, Bernie Sanders, as they campaign together in Kansas for a progressive Democrat running for Mike Pompeo’s old House seat. Why they’re wasting their time there, I have no idea: It’s a R+15 district. Presumably the idea is to draw big crowds so that other socialist candidates across the country can point to it and say, “See? Even in the heartland they want hard-leftism.”

Otherwise it’s likely to be wall-to-wall chatter about Trump and Putin today. Adam Schiff will be the lead guest on “This Week,” where he’ll say Adam-Schiff-type things about collusion and kompromat. The top-billed Republican, meanwhile, is Marco Rubio, who took some heat this week after claiming that he was satisfied with POTUS’s “I said ‘would’ when I meant to say ‘wouldn’t’” walkback of the Putin press conference. He’ll sit down with “Face the Nation” and “State of the Union” for some “Are you serious?” questions and will also likely be pressed on Trump’s commitment to NATO. Rubio’s a hawk of almost McCain-ian proportions, but unlike McCain he has a long career ahead of him potentially and therefore needs to stay on Trump’s good side. He’ll do his best this morning to be diplomatic with his criticism of the president’s NATO skepticism.

If you can stand it, John Kerry will also be on “Face the Nation” to condemn Trump for not showing as much strength towards an enemy as Kerry himself did with, er, Iran. The full line-up is at the AP.

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DEVELOPING: DOJ Releasing Docs Related to FISA Warrants on Carter Page

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On Friday, conservative watchdog group Judicial Watch announced documents related to the FISA warrants on Trump’s former campaign advisor, Carter Page were released by the FBI — and were on the way to JW headquarters.

Almost one year ago to the day, Judicial Watch filed a FOIA lawsuit against the DOJ for the following documents:

Copies of all proposed and all final signed FISA applications submitted to the FISC relating to Russian interference in the 2016 election, allegations of collusion between people associated with the Trump campaign and Russia, and any known Trump associates regardless of context;

Copies of all FISC responses to the above-mentioned applications in which the Court notified the FBI or Justice Department that it would not grant the proposed applications or recommended changes. If any such FISC responses were provided orally, rather than in writing, please provide copies of FBI or Justice Department records memorializing or otherwise referencing the relevant FISC responses;

Copies of all FISC orders relating to the above mentioned applications, whether denying the applications and certifications, denying the orders, modifying the orders, granting the orders, or other types of orders.

Obama’s Deep State FBI and DOJ obtained a FISA warrant on Carter Page in October of 2016 and three subsequent renewals in order to spy on Trump’s campaign and transition team.

Comey, Rosenstein, McCabe and Sally Yates all signed the FISA applications even though Hillary’s fraudulent Russia dossier was used as a pretext to obtain the warrants.

“Judicial Watch may finally get the infamous spy warrants the Obama administration and Deep State used while conspiring with the Clinton campaign to target then-candidate and now President Trump. It took a year, but the stonewall and cover-up, we hope, begins to end today,” Judicial Watch president Tom Fitton said.


Tom Fitton updated and said the docs were Fed Ex’ed.

Fitton appeared on Fox News early Saturday morning to discuss the new development.

Tom Fitton expects the documents to have redactions, however he said on Fox News, “I suspect we’ll get more answers. We won’t get all the answers we want, so the fight will continue.”

VIDEO:

The new FISA warrant documents have not been released at the time of this publication, however; The Gateway Pundit will update as soon as the documents are available.

Update: Tom Fitton says he expects to receive the corrupt FISA docs by Monday.

You can support Judicial Watch by clicking here.

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