We say the world is moving past oil. Venezuela tells a different story

Every few decades, Venezuela returns to the center of global politics. And almost every time, the reason is the same — oil. The headlines change, of course. The language shifts with the political mood. One year it is ideology, another year corruption, sanctions, or organised crime. But beneath these rotating narratives, the underlying story remains stubbornly consistent. As energy historian Daniel Yergin once observed, energy has never been just a commodity. It is a source of power, leverage, and global order. Venezuela fits squarely into that logic, whether the world chooses to acknowledge it or not. This is why the latest developments around Venezuela feel less like a turning point and more like a familiar return. Venezuela’s weight in the […]