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Trump’s Venezuelan oil grift

Nov 6, 2026 · 25m

Summary

Vox’s Anne Applebaum explains that the U.S. is prioritizing opaque oil deals with Venezuela’s de facto leader, Delcy Rodriguez, over democratic transition. She details how the administration sidelined opposition leader Maria Corina Machado and partnered with a corrupt crony for a major oil agreement, creating a "coalition of two kleptocracies." Applebaum argues this approach has disillusioned Venezuelans, who now view the U.S. as an exploitative force rather than a partner in restoring rule of law and legitimate governance.

Topics discussed

Intro: Rahm Emanuel's call for investigations Preview: Venezuela's democracy and oil grift Sponsors: Anthropic and ServiceNow Show Introduction Interview: US policy and Delcy Rodriguez Machado's return and public disillusionment Machado's arrival and US foot-dragging Machado's role in galvanizing change Who is in charge? Opacity and legitimacy Other potential leaders and the need for elections Sponsors: Anthropic, Indeed, and Walmart The Oil Grift: Where the money goes The Pentagon deal and Alejandro Betancourt Public anger and questions about the deal Why legitimate government matters for investment Coalition of kleptocracies and Venezuelan agency Credits and final sponsor: La Bola Negra
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