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
And in the early 2000s, it gets close to three million barrels a day, just as prices are peaking.
You know, Venezuela is making a tremendous amount of money in the early 2000s.
It's, I think, got
The highest per capita income of any South American country at the time.
It's extremely wealthy.
It's making a lot of money.
In comes Hugo Chavez and Chavismo, you know, this political ideology built around a very large socialist welfare state, lots of public enterprise national companies, but also a lot of authoritarianism, a lot of corruption, a lot of kleptocracy.
And Chavez pushes.
further nationalizations of the oil industry.
The oil industry had already been nationalized.
Now we c we could go down another rabbit hole and talk about the history of resource nationalism in Venezuela, but
The industry had been nationalized in the seventies.
What had been done in the nineties was, you know, more joint deals with international companies, bringing in international capital.
Chavez closes that door and demands that all companies operating in Venezuela give Pedavesa a sixty percent share.
He demands much higher royalties, pulling much more money out of the existing deals.
And as a result, production starts to fall because suddenly the investment is drying up.
International firms aren't as interested in operating in Venezuela.
They're pulling back.
In the meantime, Petaveza is turning from a pretty well-run oil company into uh basically a piggy bank for Chavez and his government.
When it turns over to Maduro, it gets even worse.
Showing 81–100 of 418 · page 5 of 21
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