The game is really Maduro and the ruling clique and institutions it controls. As bad as the economy gets, the country can still limp along on 1.5 million barrels per day. It’s a tragedy and a disaster, but this doesn’t spell the end of the regime.
[Maduro has] the power, he has control of all the institutions. There are no signs of any serious cracks in the ruling circle and military that might threaten his continuing rule. The opposition doesn’t have much leverage to change the situation.