Why Trump’s Venezuela oil gamble won’t pay off
Has Trump just pulled off the most brazen oil heist in history? Vijay Vaitheeswaran, The Economist’s Global Energy and Climate Innovation Editor talks to Ethan Wu and Mike Bird, co-hosts of The Money Talks podcast, about why America might never benefit from Venezuela’s vast oil reserves.
00:00 – Why Venezuela’s vast oil reserves are so difficult to use
02:29 – Heavy vs light crude: why Venezuelan oil is different
04:38 – Why big oil won’t invest in Venezuela again
06:23 – What oil prices would make Venezuela viable
08:41 – Why this oil strategy feels outdated today
Listen to the full episode: https://econ.st/4sxjAVK
How the Pentagon snatched Nicolás Maduro: https://econ.st/4hv0wlY
Sign up to our weekly newsletter: https://econ.st/3J0xzBr
#TheEconomist #Venezuela #oilandgas
00:00 – Why Venezuela’s vast oil reserves are so difficult to use
02:29 – Heavy vs light crude: why Venezuelan oil is different
04:38 – Why big oil won’t invest in Venezuela again
06:23 – What oil prices would make Venezuela viable
08:41 – Why this oil strategy feels outdated today
Listen to the full episode: https://econ.st/4sxjAVK
How the Pentagon snatched Nicolás Maduro: https://econ.st/4hv0wlY
Sign up to our weekly newsletter: https://econ.st/3J0xzBr
#TheEconomist #Venezuela #oilandgas
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