Francisco Manaldi

Francisco Manaldi, Director of the Latin America Energy Program at Rice University, dives into the intricate history of Venezuela's oil industry. He clarifies misconceptions about President Trump's claims of stolen oil, explaining the country's ownership of its resources since the 1920s. The conversation explores the impact of nationalization, Chávez's expropriations, and how sanctions have further hindered recovery. Manaldi highlights Venezuela's untapped production potential while addressing the challenges of its heavy, sour crude and the need for political stability.