Escalating Venezuela Turmoil's Effect On Oil Markets "
On Thursday, Venezuela's Supreme Court took over the National Assembly, the opposition, arguing it violated the constitution. We believe this move by President Maduro is tantamount to political suicide.
However, with Maduro controlling the armed forces and oil revenue, the opposition lacks the firepower to overthrow his regime.
We believe the current economic turmoil will be a self-fulfilling prophecy resulting in steeper declines in oil production.
Implications for more political uncertainty is bullish for oil prices."
https://seekingalpha.com/article/4059559-escalating-venezuela-turmoils-effect-oil-markets-oil-markets-daily