Trump drinks Venezuela’s milkshake
Summary
Planet Money examines the US-Venezuela oil deal through the lens of Jose Angel Pereira, a Venezuelan oil executive who witnessed the industry’s cycles of foreign investment and nationalization. He recounts the 1990s "apertura," which boosted production, and its collapse under Hugo Chavez, leading to his own wrongful imprisonment for five years. Pereira offers a cautious perspective on the new deal, highlighting the risks of political instability and the complex history of Venezuela’s resource management.
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