Crude Behavior: Venezuela and the Global Politics of Oil

On January 3, U.S. forces captured Venezuela’s president, Nicolás Maduro, and his wife, and flew them to New York to stand trial for drug trafficking and narco-terrorisim. At the same time, President Trump has not been shy about stating his other motivation for intervening in the country: Back in December, he said, “We had a lot of oil there. As you know they threw our companies out, and we want it back." So what are the geopolitical ramifications of these actions?  And in a world increasingly powered by renewable energy, could fossil-fueled conflicts become a thing of the past? 

Episode Guests: 

Luisa Palacios, Senior Research Scholar, Center on Global Energy Policy, Columbia University 

Amy Myers Jaffe, Director, Energy, Climate Justice and Sustainability Lab, NYU 

Bill McKibben, Founder, Third Act and 350.org

For show notes, transcript, and related links, visit ⁠⁠climateone.org/podcasts⁠⁠.

Highlights:

00:00 Intro

04:54 Luisa Palacios on growing up in Venezuela

08:59 Luisa Palacios on the risks in Venezuela's oil industry

15:15 Luisa Palacios on the climate impact of increasing Venezuela’s oil output

18:01 Amy Myers Jaffe on her reaction to the Maduro’s forced removal

21:08 Amy Myers Jaffe on what the military action is really about

28:32 Amy Myers Jaffe on the importance of the action in Venezuela

35:21 Amy Myers Jaffe on the national security aspects of clean tech

38:39 Bill McKibben on the military action in Venezuela

49:45 Bill McKibben on the “last gasp’ of the fossil fuel industry

52:26 Bill McKibben on the US reversal on climate policy and clean tech

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