Why Venezuela Doesn't Make Sense (Oil, Gas Prices, and Geopolitics Explained)
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Why Venezuela Doesn't Make Sense (Oil, Gas Prices, and Geopolitics Explained)
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About this listen
Most explanations about Venezuela fall into two simple stories:
• "They removed a bad guy."
• "This will lead to cheaper gas."
Both sound plausible. Neither survive with how oil markets, geopolitics, and incentives work. Examine the mechanics underneath the story:
- How "bad actor" narratives simplify a complex structural conflict
- How oil prices are set and why Venezuela's oil won't lower gas prices
- Why strategic alignment, precedent, and rule-setting matter more than bad actor behavior and pump prices
This is not a defense of any government or leader, and it does not minimize real abuses or governance failures. This is an exercise in thinking clearly.
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