

Venezuelan Crude Is Off the Menu…But You Can Still Get It Around Back || Peter Zeihan
Mar 10, 2025
The podcast dives into the complex dynamics of U.S.-Venezuela relations, focusing on the controversial oil import policies under both Trump and Biden. It highlights how these policies have transformed the energy market while also shedding light on the ongoing Venezuelan migration crisis. Listeners will gain insights into the intricate interplay of geopolitics and energy resources, revealing that while Venezuelan oil might be officially off the table, alternative routes still exist.
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Biden's Gas Price Strategy
- The Biden administration aimed to control US gas prices by increasing global crude oil production.
- This involved deals with countries like Russia, Iran, and Venezuela, despite political tensions.
The Chevron-Venezuela Deal
- Biden's deal with Venezuela allowed Chevron to import crude, but required Venezuela to hold real elections.
- Maduro got the benefits without fulfilling his end of the bargain.
Trump's Immigration Focus
- Trump's focus on illegal immigration led him to pressure Venezuela to take back migrants.
- These migrants, often highly skilled, now face an uncertain future back in Venezuela.