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Cuba prepares for Venezuela energy disruptions | StratRisks

Cuba prepares for Venezuela energy disruptions | StratRisks.

Source: Miami Herald
Cuba prepares for Venezuela disruptions

As political violence in Venezuela rolls on, Cubans say they are hearing reports that Havana is making energy or military preparations for a possible disruption of its tight alliance with the South American nation.

Cuba’s stagnant economy depends overwhelmingly on Venezuelan subsidies estimated at well over $6 billion a year — even more than the former Soviet Union once provided to the Caribbean island.

“If something ugly happens in Venezuela, we are fried like in the Special Period,” said Havana teacher Yadiel Ramirez.

The end of Soviet subsidies in 1991 plunged Cuba into a brutal crisis, shrinking the economy by 33 percent and sparking widespread hunger.

Former top Cuban government economist Jesús “Marzo” Fernandez said close Cuban friends working in Venezuela for that country’s state-owned PDVSA oil company have told him Havana has prepared for a sudden stop in Venezuelan oil imports.

The friends said all oil storage facilities on the island, including those set aside for military, government and strategic reserves, were full to the top as of March 4, Fernandez said. Caracas sends Cuba abour 115,000 barrels per day, two-thirds of its consumption.

“They are preparing? No. They are prepared,” added Fernandez, who now lives in Miami. “They won’t be surprised. The Cubans work with a long-distance view.”

Most analysts remain skeptical of claims by the Venezuelan opposition of Cuban troops arriving in the country in recent weeks to defend President Nicolas Maduro and quell the anti-government protests that have left 25 dead and more than 300 injured.

Opposition activists have published long-distance photos of unidentified soldiers landing in a military airport, and reports of people with Cuban accents beating up anti-Maduro protesters.

Read More @ Source

Cuba prepares for Venezuela energy disruptions | StratRisks

Cuba prepares for Venezuela energy disruptions | StratRisks.

Source: Miami Herald
Cuba prepares for Venezuela disruptions

As political violence in Venezuela rolls on, Cubans say they are hearing reports that Havana is making energy or military preparations for a possible disruption of its tight alliance with the South American nation.

Cuba’s stagnant economy depends overwhelmingly on Venezuelan subsidies estimated at well over $6 billion a year — even more than the former Soviet Union once provided to the Caribbean island.

“If something ugly happens in Venezuela, we are fried like in the Special Period,” said Havana teacher Yadiel Ramirez.

The end of Soviet subsidies in 1991 plunged Cuba into a brutal crisis, shrinking the economy by 33 percent and sparking widespread hunger.

Former top Cuban government economist Jesús “Marzo” Fernandez said close Cuban friends working in Venezuela for that country’s state-owned PDVSA oil company have told him Havana has prepared for a sudden stop in Venezuelan oil imports.

The friends said all oil storage facilities on the island, including those set aside for military, government and strategic reserves, were full to the top as of March 4, Fernandez said. Caracas sends Cuba abour 115,000 barrels per day, two-thirds of its consumption.

“They are preparing? No. They are prepared,” added Fernandez, who now lives in Miami. “They won’t be surprised. The Cubans work with a long-distance view.”

Most analysts remain skeptical of claims by the Venezuelan opposition of Cuban troops arriving in the country in recent weeks to defend President Nicolas Maduro and quell the anti-government protests that have left 25 dead and more than 300 injured.

Opposition activists have published long-distance photos of unidentified soldiers landing in a military airport, and reports of people with Cuban accents beating up anti-Maduro protesters.

Read More @ Source

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