12 Bandits, Dictators, and Stolen Soviet Oil

from Crude Ambition: This is the story of power · host By Seven Media

This conversation explores the tumultuous history of the oil industry in the early 20th century, focusing on the geopolitical upheavals following World War I. It delves into the Mexican oil boom amidst revolution, the rise of Venezuela as a new oil frontier under a dictatorial regime, and the chaotic aftermath of the Bolshevik Revolution in Russia. The discussion highlights the lessons learned about the fragility of oil contracts in unstable political environments and the emergence of corporate diplomacy in the oil sector.

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This episode was published on March 8, 2026.

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