Gregory Brew
speaker
418 appearances
1 recordings
1 series
first heard Jan 2026
last heard 7 Jan
Gregory Brew’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Jan 2026 with 1.
Appearances
It's pumped a lot of crude.
When we think about the chart for Venezuela oil production, it's actually, you know, it's it's less of a uh collapse in the last twenty years.
If you look at it, it's more of a W.
Venezuela crude output goes up and up and up from the twenties all the way up to the early seventies, where it exceeds three million barrels a day.
That is, I believe, the historic peak for Venezuela output.
In the mid-1970s, Venezuela production starts to fall.
It falls quite sharply.
There are a lot of reasons for that, one of which is the Middle East.
You know, they were facing much stiffer competition and cheaper producers, investment was being cut, they had to drop production.
So production falls from the 70s into the 80s.
In the 90s, it starts to climb again.
And this has to do with Pedeveza, the Venezuelan national oil company.
For a long time, Pedeveza was kind of unique when it comes to national oil companies.
You know, we talk about
Aramco in Saudi Arabia, uh the Iraqi petroleum company, the Kuwaiti petroleum company, you know, almost every big oil producer in the world has a national oil company.
Venezuela's Pedivesa, for a long time, was run like a
Capitalist enterprise.
It was run on the basis of securing profit.
Uh in the 90s, it was very good at making deals with the international oil companies, both from the West and elsewhere.
So in the 90s, you know, about 30, 35 years ago, Venezuela output starts to climb again.
Showing 61–80 of 418 · page 4 of 21
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