Here are two videos from the Quadriga show on Germany’s international network DW.de — Aquí hay dos vídeos del programa Cuadriga de la red internacional alemana DW.de
Espanol, 28 febrero 2019: https://p.dw.com/p/3EHYo (… luego desplácese hasta el video)
English 31 January 2019 : https://p.dw.com/p/3CVxR (… then scroll down to the video)
Posted in Berlin, Chavez, Energy and Geopolitics, Germany, Global Oil system, Hugo Chávez, Latin America, Leopoldo López, Oil supply, Resource conflicts, Rosneft, Russia, Sanctions, Sechin, The USA, Trump, Uncategorized, US Foreign Policy, Venezuela oil, Venezuelan Democracy
June 2018 OPEC meeting’s key players (AP)
Last week, Gillian Rich at Investor’s Business Daily (Washington), asked me (Berlin) and others about the OPEC’s 20-21 June meeting. Below here, I give my views in more detail, including the tie-in to the Trump project to isolate Iran and my comment about Putin likely betraying the Iranians again. The IBD piece is here: Trump Could Make OPEC’s Next Meeting As Dysfunctional As G-7 Summit. 15 June ’18.
We spoke about market and geopolitical aspects. On the latter, I emphasized both the Trump Administration’s evolving plan to sanction and isolate Iran, and Russia’s new role as a central player with OPEC ever since the 2016 joint Russian-OPEC decision to raise production.
That’s when Putin played a new role for any Russian leader. Not only did he coordinate Russian oil policy with OPEC’s, he got personally involved in heated discussions, getting on the phone late in the last night with Iranian and Saudi leaders to get the deal sealed. Continue reading
Posted in Aramco, Chavez, Energy and Geopolitics, Energy and Geostrategy, geopolitics, Global Oil Market, Global Oil system, Hugo Chávez, Iran, Iran nuclear, Iran sanctions, Iraq, Iraqi oil, Mexico, Nord Stream, Obama, oil, Oil prices, OPEC, Putin, Rosneft, Russia, Sanctions, Saudi Arabia, Sechin, shale oil, Trump, U.S. oil, US Foreign Policy, Venezuela oil
Tagged Energy, Iran, Iraq, oil, OPEC, Russia, USA
- Ms. Rita Bitar Deeb PhD student in Political Science at the Otto-Suhr-Institut of Freie Universität Berlin
- Dr. Ivo Hernandez Lecturer in International Relations at the Political Science Institute of Universität Münster
- Dr. Manuel Silva-Ferrer John Boulton Foundation Fellow and Lecturer at the Latin-American Institute of Freie Universität Berlin
- Dr. Thomas W. O’Donnell -Moderator Guest Lecturer at Hertie School of Governance and the European Studies Program, FU/BEST at Freie Universität Berlin
WHEN: 10 October, 6-7:30 pm. LOCATION: Hertie School of Governance, Friedrichstrasse 180 – 10117 Berlin, Germany. [To attend, please register online.] – Venezuela is currently unable to adequately feed its people, or to provide basic services such as medical care, education, and electricity. Polls indicate about 90% of the population would vote to remove its Chavista president, Nicolas Maduro, if his government allowed a recall referenda to take place this year, which is widely demanded. What will happen in Venezuela: Collapse? Chaos? Democratic renewal? And, moreover, why is this occurring now?
Since the mid-20th Century, fueled by oil riches, Venezuela has veered from being the leading example of ‘democratic development’ within a continent rife with right-wing dictatorships, to a nation mired in its own economic and political crises. A ‘neo-liberal shock’ in the late-1980’s failed and was roundly rejected by citizens. At the end of the 1990‘s, Hugo Chavez broadly excited the hopes for development of not only Venezuelans but elicited significant sympathy worldwide with Chavismo’s ‘new resource nationalism’ and ’21st Century Bolivarian Socialism’. However, this leftward turn is also demonstrably failing, with the nation again on the brink of disaster. What comes next? Our panel of Venezuelan experts weighs in and will address attendees’ questions.
Rita Bitar Deeb is a PhD student in Political Science at the Otto-Suhr-Institut of the Freie Universität Berlin. She received her Master in Public Policy and Management from the University of Pittsburgh and Graduate Certificate in Latin American Studies. Her research interests are democratization process, social development and gender policy. She has worked for the Inter-American Development Bank (IADB), and several local NGOs as project coordinator in Venezuela (Atenea, Súmate, Red de Apoyo-HHRR). Bitar has taught at the University of Kassel in Germany, and at the Catholic University in Caracas.
Ivo Hernandez is lecturer in International Relations at the Political Science Institute of Universität Münster. He studied at Universidad Central de Venezuela (UCV) in Caracas, the London School of Economics (LSE), the University of Heidelberg and University of Tübingen in Germany and The National Defense University in Washington D.C. His research interests include oil politics, national oil companies, the logics of terrorism, and Latin American politics and political economy.
Manuel Silva-Ferrer is John Boulton Foundation Fellow – exploring oil, society and culture in 20th-Century Latin America – as well as Lecturer at the Latin-American Institute of Freie Universität Berlin. Born in Caracas, he is a graduate of the Institute of Communication Studies at Universidad Central de Venezuela (UCV) and earned his PhD from Freie Universität Berlin. He was Director of the state film foundation Cinemateca Nacional de Venezuela and Head of Cinema and Media at the Ministry of Culture where his work included developing the National Academy of Film and Audiovisual. Silva-Ferrer led ExtraCámara, a magazine for Latin-American photography, and was co-responsible for the creation of the Centro Nacional de la Fotografía, a public foundation for the promotion of photographic art. During his studies, Silva-Ferrer was Fellow of the Fundación Gran Mariscal de Ayacucho, and awarded a PhD full scholarship from the German Academic Exchange Service (DAAD).
Moderation & comments:
Thomas W. O’Donnell is Guest Lecturer at Hertie School of Governance and the European Studies Program (FU/BEST) at Freie Universität Berlin. An academic, analyst and consultant in the global energy system and international relations, his work has encompassed especially the role of oil and gas in the EU, Russia, Latin America, Middle East, China and the USA. His PhD is from the University of Michigan at Ann Arbor in experimental nuclear physics, and he previously studied Political Science and China Studies at the State University of New York and Canisius College. In 2008-09, he was US Fulbright Scholar and Visiting Professor at the Center for the Study of Development (CENDES) at the Central University of Venezuela (UCV) and in 2015 AICGS (American Institute of Contemporary German Studies) & DAAD Fellow in Washington D.C. O’Donnell has taught post-graduate seminars on energy in international relations and development at The University of Michigan, The Ohio State University, The New School University’s JJ Studley Graduate Program in International Affairs (NYC),and Freie Universität, JFK Institute (Berlin). He is Senior Analyst at Wikistrat and consults with other geopolitical and business-intelligence firms. Before his PhD, O’Donnell gained broad tech experience in U.S. automobile-manufacturing, railway-operations and power-generation industries. He is author of some 40 peer-reviewed scientific physics papers.
If you wish to attend, please register online.
Posted in Berlin, Chavez lagacy, Chavez legacy, corruption, Economic Crisis, Energy and Geopolitics, Global Oil Market, Hertie School of Governance, Latin America, PDVSA, Uncategorized, Venezuela oil, Venezuela update, Venezuelan Democracy, Venezuelan elections, Venezuelan weak institutions
Tagged oil, Venezuela
To put Iran’s recent production increases in perspective: On its own, for 37 years, Iran has struggled to produce two-thirds of its pre-revolutionary level of 6 million barrels/day. Now, domestic opposition is again limiting foreign oil companies’ participation to boost production.
Since the Obama-administration’s and Europe’s nuclear sanctions were lifted early this year (marked ‘e’ on the chart), Iran has been expanding its production and exports more rapidly than most experts had expected. Tehran has actually tripled exports since late-2015 (see point ‘f’). But, here’s the big question: Can Iran sustain this years’ production gains?
If to, this could seriously undermine Saudi Arabia’s global oil-market share, and boost Iran’s sanctions-damaged economy to a long-awaited recovery.
The short answer: Now that foreign sanctions are finally lifted, the battle to boost Iran’s oil exports has shifted to a domestic clash over whether to allow foreign oil companies to have significant upstream involvement. This is a domestic Iranian issue with a long history.
Let’s start with some historical perspective: The Iranian National Oil Company (NIOC) can only do so much on its own to boost production. After decades of sanctions, it lacks the needed technology and finance. I told CNNMoney
‘s Matt Egan, on Wednesday, that the faster Iran expands on its own,
the faster production will plateau. (His CNNMoney article
today quotes me .).
This was what happened after the 1980-1988 Iran-Iraq war.(‘b’ on the chart). By about 1992, production had plateaued at almost 4 million barrels/day, under 2/3 of the pre-revolutionary, late-1970’s level of roughly 6 million barrels per day. (‘a’ on chart). The Iranian president at the time, Rafsanjani, argued to religious conservative and nationalist members of the Majilis that only foreign oil companies’ technology and investments could expand production further. However, he only won grudging approval for an offshore project due to fears that foreigners would bring their irreligious ways ashore and/or undermine the hard-won nationalization of Iran’s oil sector.
Posted in Chavez, Chavez lagacy, Chavez legacy, Energy and Geopolitics, Faja of the Orinoco, Global Oil Market, heavy oil, Iran, Iran nuclear, Iran sanctions, Obama, oil, Oil prices, Oil supply, OPEC, Sanctions, Saudi Arabia, shale oil, The USA, U.S. oil, Uncategorized, Venezuela oil
Tagged geopolitics, Heavy crude oil, Hugo Chávez, Iran, Obama, OPEC, Saudi Arabia, United States, Venezuela
Last week, Energy Intelligence (EI) quoted me on China’s continued appetite for oil and gas investments in Latin America even with its own economic slowdown and LatAm’s many political upheavals. (Sincere thanks to EI for a PDF of their proprietary Energy Compass to share on my blog. You can access it below here.)
Some thoughts on China’s strategy: In the case of Venezuela, as the price of oil fell, Beijing quickly eased up on PDVSA’s repayment terms for its huge outstanding loans which are repayable in oil. This shows some willingness to help Venezuela cope with the falling market value of oil. Why? Because, mainly, it is the oil that China has always been laser-focused on – not making interest on these loans.
Generally, it is clear that new Chinese investments or loans are still possible in Latin America. In Venezuela however, Continue reading
Posted in Brazil, Chavez, China, Economic Crisis, Energy and Geopolitics, Faja of the Orinoco, Global Oil Market, Global Oil system, heavy oil, Hugo Chávez, Latin America, Oil prices, OPEC, PDVSA, PDVSA weakness, Rosneft, Russia, Sechin, shale oil, The USA, Uncategorized, Venezuela oil
Tagged Beijing, Caracas, Chavez, China, Energy, Heavy crude oil, Hugo Chávez, Latin America, Nicolás Maduro, oil sector, OPEC, PDVSA, Petróleos de Venezuela, United States, USA, Venezuela
Russian Production & Stakes in Venezuelan Oil Projects (40% stake is limit)
Last October & November I succeeded in interviewing several people in the Venezuelan private sector directly knowledgeable of Russian oil projects with PDVSA. Many Venezuelans wonder what all the Russians-known for their secrecy-are up to there. Some of my key findings are in Americas Quarterly‘s Winter 2016 edition. Read on …
Russia Is Beating China to Venezuela’s Oil Fields – By THOMAS W. O’DONNELL
The profits, politics and luck behind Russia’s growing footprint.
The late Venezuelan President Hugo Chávez, had long envisioned China becoming Venezuela’s biggest oil-sector production partner. So when Rafael Ramírez, then president of Petróleos de Venezuela, S.A. (PDVSA), announced in January 2013 that Russia would produce enough oil with PDVSA by 2021 to become “the biggest petroleum partner of our country,” very few people believed him. It sounded like empty hype.
Yet it turns out that Ramírez was serious. Three years later, Russian companies are already producing more oil in joint projects with PDVSA than their Chinese counterparts. Official figures are either unreliable or unavailable, but according to field data provided by Global Business Consultants (GBC), a Caracas-based energy consulting firm, Russia-Venezuela production as of late 2015 was 209,000 barrels per day (bpd), compared to China-Venezuela’s at a bit over 171,000 bpd.
Posted in Chavez, Chavez lagacy, China, Energy and Geopolitics, Energy and Geostrategy, Faja of the Orinoco, Global Oil Market, heavy oil, Hugo Chávez, international relations, PDVSA, PDVSA weakness, Putin, Rosneft, Russia, Sanctions, Sechin, Uncategorized, Venezuela oil, Zulia
Tagged China, geopolitics, Hugo Chávez, oil sector, PDVSA, Petróleos de Venezuela, Venezuela
If you’re in New York: Luiz Pinto and I speak at Columbia University’s Institute for Latin American Studies (ILAS) on post-Chavez Venezuela, 12-noon, Thursday, 9 October:
Posted in Chavez, Chavez lagacy, Chavez legacy, heavy oil, Hugo Chávez, Latin America, Leopoldo López, Maracaibo, PDVSA, PDVSA weakness, Uncategorized, Venezuela oil, Venezuela update, Venezuelan Democracy
Tagged Caracas, Chavez, Chavismo, Columbia University's Institute for Latin American Studies, Heavy crude oil, Hugo Chávez, Latin America, Maracaibo, Nicolás Maduro, oil sector, PDVSA, Petróleos de Venezuela, Rafael Ramírez, Venezuela
Last week, I was quoted in the Wall Street Journal on why Petróleos de Venezuela SA (PDVSA) is looking to sell its Citgo refining affiliate in the USA. The key motivation, in my estimation, is to finance projects critical to … Continue reading
Venezuelan President Nicolas Maduro speaking during the first UNASUR-and-Vatican mediated peace talks with the opposition in Caracas 10 April (Reuters)
Here’s my commentary at Americas Quarterly today, 11 April:
A delegation of foreign ministers from the Union of South American Nations (UNASUR) returned to Caracas on April 7 and 8, securing an agreement to hold peace talks to calm political polarization and protests in Venezuela. The talks are being mediated by the foreign ministers of Colombia, Brazil and Ecuador, plus a Vatican representative.
The UNASUR delegation first visited in late March, recommending that Venezuelan President Nicolás Maduro and leaders of the opposition’s Mesa de Unidad Democrática (MUD) enter into a dialogue. The U.S. State Department had expressed support, as had Organization of American States (OAS) General Secretary José Miguel Insulza.
However, UNASUR’s plan will be complicated by Maduro’s reliance on paramilitaries within his Partido Socialista Unido de Venezuela (United Socialist Party of Venezuela—PSUV), whose loyalty requires his polarizing words and deeds. This conundrum already wrecked a previous dialogue.
In early February, before protests broke out, a highly placed government official explained to me, … CLICK to Continue Reading at Americas Quarterly. Continue reading
Posted in Chavez, Chavez legacy, Energy and Geostrategy, Henry Capriles, Hugo Chávez, Latin America, Leopoldo López, PDVSA, The USA, Uncategorized, Venezuela update, Venezuelan Democracy
Tagged Caracas, Chavez, Chavismo, Hugo Chávez, Latin America, Nicolás Maduro, PDVSA, peace talks, Petróleos de Venezuela, UNASUR, Union of South American Nations, United States, Venezuela, Venezuelan President Nicolas Maduro
- The anti-government protest in eastern Caracas 13 March ended in clashes with Venezuelan police. Three more died in widespread protests. BBC
As protests continue against Venezuela’s faltering “oil revolution,” the political strategy of the chavista administration is striking for its intransigence. President Maduro has refused to recognize any grievances by students or other protesters. He calls protesters “fascists” and blames them for all the ills of the economy. Protests are attacked by the national guard and often by state-organized paramilitary gangs on motorcycles who are praised by the president.
The administration’s strategy so far appears to be that protests will burn themselves out if they can be delegitimized and contained within middle-class areas. Accordingly, the president’s rhetoric aims at inciting poorer citizens against protesters. All in all, this is a risky strategy. Protests have constantly intensified, with perhaps 25 persons dead now.
After a month of protests, the administration has taken urgent economic measures it hopes will undermine the protests and prevent their spread to poor and working-class barrios.
1. Ramirez announces Chinese and Russian loans and the launch of a very liberal Sicad 2
Posted in Chavez, Chavez lagacy, Chavez legacy, China, Faja of the Orinoco, Global Oil Market, heavy oil, Hugo Chávez, Institutions and rule of law, PDVSA, Uncategorized, Venezuela oil, Venezuela update, Venezuelan Democracy
Tagged Beijing, Business and Economy, Caracas, Chavez, China, Energy, Heavy crude oil, Hugo Chávez, Nicolás Maduro, PDVSA, People's Republic of China