In this episode, host Daniel Raimi is joined by Luisa Palacios, an adjunct senior research scholar at Columbia University’s Center on Global Energy Policy, who breaks down the major and most recent energy developments in Venezuela. Palacios recounts the role of oil in Venezuela’s history and the implications of oil dependency as the country navigates another period of political uncertainty. Venezuela’s oil industry, Palacios underscores, is a major player in the international energy market and faces obstacles to acquiring substantial investment. Palacios draws from her expertise in emerging markets and international affairs to note the critical moves to look for as the world awaits how Venezuela could balance efforts to reduce carbon intensity with economic growth.

References and recommendations:

“Reinventing Venezuela’s Struggling Electricity Sector” by Francisco Morandi and Luisa Palacios; https://www.americasquarterly.org/article/reinventing-venezuelas-struggling-electricity-sector/

“Michael Webber on What’s Behind Rising Energy Costs” episode of the Columbia Energy Exchange podcast from the Center on Global Energy Policy at Columbia University’s School of International and Public Affairs; https://www.energypolicy.columbia.edu/michael-webber-on-whats-behind-rising-energy-costs/

“World Energy Investment” reports from the International Energy Agency; https://www.iea.org/reports/world-energy-investment-2025#overview

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