Part 1: Venezuela’s Oil: How It Powered The World & What Went Wrong

Viewpoints

Sunday, January 25, 2026 - 9 minutes

Part 1: Venezuela’s Oil: How It Powered The World & What Went Wrong

  • Once one of the world’s richest oil producers, Venezuela’s rise seemed unstoppable. We look at how politics, power struggles and global pressure led to the complete breakdown of this South American country. As the consequences still unfold, will Venezuela and its oil industry make a comeback in this globally unstable environment?

Guest: Skip York, nonresident fellow for global oil, The Baker Institute for Public Policy, Rice University.

Host: Gary Price
Producer: Amirah Zaveri


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