Venezuela at a Turning Point: Opposition Momentum, Oil Privatization, and Global Stakes - with Marcos Falcone Part 1

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Venezuela at a Turning Point: Opposition Momentum, Oil Privatization, and Global Stakes - with Marcos Falcone Part 1

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In the first half of this episode of America’s NewsHour, Bill Bernardoni is joined by Marcos Falcone of the Cato Institute to break down the rapidly shifting political landscape in Venezuela. They explore why this moment is different from past failed transitions, focusing on the rise of opposition leader María Corina Machado, the legitimacy of the 2024 election results, and what real regime change could mean for democracy and free markets. The conversation also dives deep into the potential privatization of Venezuela’s oil industry and how a recovery in production could reshape not just Venezuela’s economy, but global energy markets, U.S. interests, and geopolitical dynamics involving Russia, China, and Cuba. In the second half of the show, historian and author Jared Knott provides a broader historical lens, connecting today’s global flashpoints to the small mistakes and miscalculations that have changed the course of history before.

If Venezuela truly transitions away from the Maduro regime, should oil privatization be a top priority—even if it reshapes global energy prices and alliances?

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