Trump–Rodríguez Oil Talks Test Venezuela’s Sovereignty

Venezuela’s oil industry has long been a site of struggle—between national sovereignty and foreign control, between social development and extraction for profit. In this wide-ranging conversation, Gregory Wilpert situates today’s crisis in that longer history, from the Chávez government’s effort to reclaim PDVSA for Venezuelans to the current U.S. strategy of tying sanctions relief to oil exports. As Washington pushes Caracas to increase production and redirect crude away from China, Wilpert examines whether interim leadership in Venezuela is navigating an impossible economic bind—or whether the country’s oil and sovereignty are once again being bargained under coercion.