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Planet Money
Planet Money

Chevron, Venezuela and the Paradox of Plenty

Jan 17, 2026 · 33m
AI Summary
  • Explores the unusual multi-decade partnership between oil giant Chevron and socialist Venezuela, the world's first petrostate
  • Examines Venezuela's pioneering role in becoming dependent on oil economy and the complications that followed, including the Dutch Disease and resource curse
  • Traces how this oil relationship shaped both countries' histories and economic vulnerabilities

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