Terry (Terry Karl)

In this engaging conversation, Terry Karl, a political economist from Stanford with deep expertise in Venezuelan oil politics, dives into Venezuela's paradoxical relationship with oil. He explores how Venezuela became the world’s first petrostate and the complex consequences like Dutch disease and the resource curse. Terry also highlights Chevron's curious, decades-long partnership with this socialist nation, its navigation through corruption, and the impact of U.S. sanctions, questioning if a revival in oil could truly benefit the Venezuelan people.