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Research Library

Latin American Energy

Center for Energy Studies

U.S. Policy and Venezuela’s Hydrocarbon Sector

Francisco J. Monaldi | Jose La Rosa Reyes

U.S. Policy and Venezuela’s Hydrocarbon Sector.

Sanctions against Venezuela have reduced PDVSA and the Maduro regime's revenues, but they have failed to lead to a path toward democracy or avert Venezuela’s economic and humanitarian collapse. The authors offer policy options for the new administration's consideration.

This brief is part of a series of Baker Institute recommendations for the Biden administration.