Tag Archives: global oil market

My bTV| On the Trump administration’s Venezuela logic: drugs, migration & oil (partly vs Russia). Both Maduro’s regime & Machado’s opposition sit & wait.

I was interviewed by David Karalvanov at bTV (Bulgaria) on the US-Venezuela confrontation under Trump and Maduro (01Dec). David used excerpts for a documentary and kindly gave me the full video here. An outline of the five questions and answers is below here.

Three Asides:

  1. I recall vividly how Trump and co., in his first term, easily misled a naively dependent Venezuelan opposition into believing that the USA was planning to forcibly remove Maduro. In turn, the opposition convinced the country’s population that the USA was preparing to forcibly liberate them. This belief was deeply corrosive to advancing any self-reliant domestic anti-Maduro pro-democracy movement. In the end, the Trump administration tried a poorly prepared putsch. John Bolton, Trump’s then-National Security Advisor, the organizer, was embarrassingly gamed by the Venezuelan regime’s intelligence police. Meanwhile, the present Venezuelan opposition has long been unwilling to organize or endorse any popular movement to forcibly restore democracy from below.
  2. In a recent CNN interview I spoke about Trump rationales for the present confrontation. See: “Why Trump wants a Venezuelan oil boom …“) and dangers of not preparing for the day-after possibilities of chaotic events, terrorism or resistance by armed pro-Chavista military or collectivo groups, and/or x-Colombian guerilla groups long active in the country.
  3. I’ve written for 20 years on Venezuela, Chavismo and oil, including two years as visiting professor, Universidad Central de Venezuela’s UCV/CENDES, Caracas.–I’m happy to speak or consult on Ven.-US-China-Russia-Iran-Colombian-EU-… and/or Ven. domestic matters in English or Spanish.- Tom O’D

David’s five questions and some of my answers:

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What if Israel bombs Iran’s oil? Four points on market & geopolitics. Video-Warsaw 03oct24

Recorded Thurs AM, 03Oct24. Warsaw Old Town, Castle Square.

Will Israel hit Iranian oil infrastructure? And, what part of it? To what effect on markets, and geopolitics, (i.e., Mideast, OPEC, Russia and Ukraine war)? A video report.

MAIN POINTS (see transcript):

1. What if Israel hits Iran oil infrastructure in retaliation for missile strikes on Tel Aviv on Tuesday night? 1.a. The difference effects of hitting Iranian refineries vs oil export terminals In itself, neither target would make big difference in the market. The market would immediately jump, of course, but in principle the effect would be small. 1b OPEC+ and Western Hemisphere have plenty of spare capacity.

2. Consider Saudi market tactics … reportedly they want to now go for share over price support, as price support is failing after well over a year of output cuts (about 6 mb/d). Note: Shortly after this recording the Saudis repudiated the WSJ that reported the switch in tactics to defending share. Likely they’ll now want to wait and see what happens to Iranian exports, or if this Israel-Iran tit-for-tat gets out of hand.

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1st “Berlin Energy Forum” 21 May | A monthly disruption of the local ‘energy echo chamber.’

Dear Colleagues & friends, Below is an invite to our first Berlin Energy Forum (jump to details | jump to register), but first a personal note.

First, a personal note: As some of you know, this is an idea I’ve been floating in Berlin since well before Corona. Then, last October, I had an experimental test run, a one-off, sponsored by the Qatari embassy’s Divan – and it went very well.

However, the biggest success from that event was that Ben Aris, co-founder and editor-in-chief of bne IntelliNews enthusiastically joined me to found the Berlin Energy Forum as a regular monthly sort of membership club. Amongst the longest serving foreign correspondents in Eastern Europe, Ben has been covering Russia since 1993, with stints in the Baltics and Central Asia. He is a former Moscow bureau chief for the Daily Telegraph and was a contributing editor at The Banker and Euromoney for a decade amongst writing for many other publications. He is also a professional photographer, and nowadays based in Berlin.

Ben is one of those rare people who relishes doing analysis and data-driven writing (non-stop!), AND who knows how to do business – and thoroughly enjoys doing it. Just the partner for this endeavor.

My model and inspiration for this forum was always the New York Energy Forum, which has run for over 40 years now. I happily attended while teaching in NYC. My experience with that forum, plus familiarity with a few top DC think tanks, and various foreign diplomats (esp. in NYC/UN), is how, as an academic, I got to know a broad spectrum of USA oil and gas executives, journalists, financial-institution analysts and government officials. Those personal connections have, over the years, anchored my assessments of USA, of OPEC MENA-and-Latin American members’, and of Russian and Chinese strategy. This sort of community doesn’t exist in Europe in such a focused manner, save perhaps in London. Perhaps we can now bring a bit of that world to Berlin with our new BEF.

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