The ideology named after former Venezuelan leader Hugo Chávez became more authoritarian under Nicolás Maduro. Can the country’s new leader steer it back toward democracy?
Articles on Venezuelan oil
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How various factions respond to the Trump administration’s threat to be the de facto ruler of the country could quickly inflame domestic tensions and lead to conflict.
Canada and Venezuela compete in the same heavy-oil regional and global markets, so shifts in supply from Canada to Venezuela would widely reverberate across the Canadian economy.
Venezuela relies on the black-market oil trade for a large chunk of its revenue. US enforcement actions may push down the price it can charge, further squeezing the country’s economy.
US forces have seized a sanctioned oil tanker off the Venezuelan coast, a move Caracas has called an ‘act of piracy’.
Blackouts on the Caribbean island are shining a light on a crumbling economy that the nation’s communist leaders may struggle to emerge from.
Venezuela’s military is an armed political actor with a gun to the head of a society that is urgently demanding a return to democracy.
Venezuela recently devalued its bolivar by 95 percent to tame rabid hyperinflation that has been sending prices on everyday goods through the roof. If history is a guide, it won’t work.
Cheap Venezuelan oil boosted Nicaragua’s economy and funded President Daniel Ortega’s many anti-poverty programs. With Venezuela in crisis, the oil has dried up – as has support for Ortega’s regime.
Top contributors
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Professor of International Political Economy, University of California, Santa Barbara
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Associate Professor of Sociology, Fort Lewis College
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Wallace S. Wilson Fellow in Latin American Energy Policy, Rice University
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Lecturer in Law, Nottingham Trent University
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Professor, Geography Department and School of Public Policy & Global Affairs, University of British Columbia
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Mellon Visiting Professor, University of Illinois Chicago
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Associate Professor of Latin American Studies, Sociology and Criminology, University of Florida
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Master Lecturer and Interim Director of Latin American Studies, Boston University
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Full Professor, L’Université d’Ottawa/University of Ottawa
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Associate Professor of Global Studies, Appalachian State University