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The Impact of the Decline in Oil Prices on the Economics, Politics and Oil Industry in Venezuela
September 10, 2015
2:00 pm - 3:30 pm
In response to the oil price collapse of 2015, the Center on Global Energy Policy (CGEP) undertook a project to examine the impacts of the oil price drop on the worlds major oil producers. To date, the Center has published detailed studies looking at the effects of the oil price drop on Mexico and Iran. As the next product in this series, the Center on Global Energy Policy released a new report: The Impact of the Decline in Oil Prices on the Economics, Politics and Oil Industry of Venezuela. The report examines the current difficulties facing Venezuela in light of its dependence on revenues from oil exports and the issues facing the energy sector, which have become more acute in the lower oil price environment seen over the past year.
The report’s author, Dr. Francisco Monaldi, Fellow in Latin American Energy Policy, Baker Institute for Public Policy, Rice University; and Associate in Geopolitics of Energy, Kennedy School of Government, Harvard University, gave an overview of the report and its key findings, followed by a panel discussion moderated by Center Director Jason Bordoff featuring:
Antoine Halff, CGEP Fellow and Program DIrector for Global Oil Markets;
Luisa Palacios, Senior Managing Director for Latin America, Medley Global Advisors;
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