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The Power and the Money

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ExxonMobil is in trouble with the Trump administration for telling it that Venezuela is “uninvestable” under current conditions. The President did not like this answer and is threatening to freeze Exxon out of Venezuela. Shell, on the other hand, has decla...


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Stolen land?

What, if anything, did Venezuela steal from the United States?

Venezuelan nationalizations came in two waves. The first was in the 1970s, under President Carlos Andrés Pérez. They were generally negotiated and the American companies did pretty well. In fact, given that the original concessions were slated to expire, it isn’t even clear that we should call them national...


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On January 3, 1990, the United States captured Manuel Noriega. Exactly 35 years later, yesterday, we did the same to Nicolás Maduro. But there are differences. Mainly that in 1989, we launched a full-scale invasion, disarmed the Panamanian Defense Forces, installed the duly-elected Guillermo Endara as president, and then tracked down old Cara de Piña. In Venezuela, w...


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