Former chairwoman of Citgo Petroleum on Venezuelan oil
Luisa Palacios, the former chairwoman of Citgo Petroleum, discussed what guarantees oil companies need before making big investments.
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The National Academy of Engineering has called the American power grid the “supreme engineering achievement of the 20th century.” A network of generation, transmission and distribution, the grid brings reliable and affordable electricity virtually all the time to virtually all Americans, providing a service essential to the nation’s economy, security and wellbeing. But the structure and management of the grid are both changing rapidly. Information technology and increasingly networked systems, distributed generation and more intermittent energy sources, smart grids and new technologies that link our appliances, cars, and smartphones to the grid, provide great benefits but also pose potential risks. Threats of cybersecurity, physical security, natural disasters must be addressed, as well as local opposition to new infrastructure and simply aging infrastructure and limited resources. All of these make maintaining the reliability and affordability of electricity services a daunting challenge.
On this episode of Columbia energy Exchange, host Jason Bordoff sits down with Cheryl LaFleur, Commissioner at the Federal Energy Regulatory Commission (FERC) to discuss the challenges and opportunities facing the grid today. Among the topics of they address:
Great power competition—particularly between the United States and China—is intensifying. This rivalry is reshaping everything from technology supply chains and energy security to the future of artificial intelligence. ...
Early on January 3, 2026, the United States apprehended Venezuelan President Nicolás Maduro and his wife and removed Maduro from power. Maduro was transported to New York, where he now faces federal charges of narco-terrorism and drug trafficking.
This has been a crucial year for US energy policy. The passage of the One Big Beautiful Bill Act eliminated many of the clean energy incentives that were...
Over the past week, President Trump has intensified pressure on Venezuelan president Nicolás Maduro by targeting the regime’s economic lifeline—oil. The United States has seized two oil tankers...
The US intervention in Venezuela may jeopardize both the flow of discounted Venezuelan oil to China's teapot refineries and the role of Chinese oil companies in Venezuela’s upstream business.
In discussing the dramatic seizure of Venezuelan President Nicolás Maduro and his wife, Cilia Flores, over the weekend, President Donald Trump declared that the United States would now “take back” the country’s oil. Yet he has offered little clarity on what exactly this means.
The country could see a relatively rapid recovery of some oil production, depending on the leadership that emerges.
Early on 3 January 2026, the United States launched a military operation to arrest President Nicolás Maduro and remove him from Venezuela.