11: After Maduro’s Ouster, What Happens to Venezuela’s Oil?

from Baker Briefing · host Rice University’s Baker Institute for Public Policy

What does the removal of Nicolás Maduro by U.S. military force signal for the future of Venezuela’s oil industry? Francisco Monaldi and Kenneth B. Medlock III joined the podcast to discuss President Donald Trump’s recently released plan for taking over and selling the country’s crude oil, the risks and incentives for U.S. and international oil companies, and the implications for oil flows across Latin America. This conversation was recorded on Jan. 12, 2026. Featured guests: Kenneth B. Medlock III, Ph.D. Francisco Monaldi, Ph.D. Listen and subscribe to “Baker Briefing” on Apple, Spotify, or your preferred podcast platform. You can follow @BakerInstitute on X, Instagram, LinkedIn, and YouTube. Learn more about our data-driven, nonpartisan policy research and analysis at bakerinstitute.org.