The dramatic fall in Venezuela’s oil production has surprised many analysts and has helped to tighten the oil market more than expected. The country’s economic outlook is grim, and the debate over what happens next is only over how bad it can get. Some analysts see a precipitous drop in Venezuelan oil production, and the country is often cited as one of the biggest geopolitical risks to the oil market this year. Francisco J. Monaldi, Ph.D. is among the world’s top experts on Venezuela’s oil industry. He is a fellow in Latin American energy policy at the Center for Energy Studies, the Mexico Center and the Latin America Initiative at the Baker Institute at Rice University. He is a leading scholar on the politics and […]