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History As It Happens

Bonus Ep! Understanding Oil

6 min14 januari 2026

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Since U.S. forces snatched Nicolàs Maduro and hauled him to New York, Americans have been asking questions about Venezuela, especially after the Trump administration announced its plans to run the country's moribund oil industry. Are U.S. oil firms clamoring to exploit Venezuela's enormous petroleum reserves? Does the global market need more oil? In this episode, historian Giuliano Garavini of Roma Tre University explains it all. He's an expert on the Global South, energy, and natural resources.

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