Planet Money - Chevron, Venezuela and the Paradox of Plenty

Venezuela and Chevron have perhaps one of the strangest partnerships … ever? Chevron, one of the world’s most famous and profitable oil corporations, has for decades, been plugging away in Venezuela, one the world’s most famous and infamous socialist countries. 

Today on the show, the story of their intertwined histories. Before Saudi Arabia, before Iran… there was Venezuela, the first petrostate. The first country whose entire economy became dependent on oil. With the blessing of oil, an entire economic textbook of complications opened up: from the Dutch Disease, to the resource curse, to mono-economic vulnerability.

And, oddly, along for that ride…Chevron. 


Pre-order the Planet Money book and get a free gift. /  Subscribe to Planet Money+

Listen free: Apple Podcasts, Spotify, the NPR app or anywhere you get podcasts.


Facebook / Instagram / TikTok / Our weekly Newsletter.


This episode of Planet Money was hosted by Erika Beras and Kenny Malone. It was produced by Luis Gallo with help from Sam Yellowhorse Kesler. It was edited by Marianne McCune, fact-checked by Sierra Juarez and engineered by Cena Loffredo. Alex Goldmark is our executive producer.


Learn more about sponsor message choices: podcastchoices.com/adchoices

NPR Privacy Policy

PBS News Hour - World - Trump’s worldview and a rapidly changing global order

Donald Trump, the disruptor. The president's first year back in office has been a year of breaking norms, snatching and bombing adversaries, pushing peace and threatening allies. Compass Points moderator Nick Schifrin discusses Trump's worldview and the rapidly changing global order with Victoria Coates, Kori Schake and Jennifer Kavanagh. PBS News is supported by - https://www.pbs.org/newshour/about/funders. Hosted on Acast. See acast.com/privacy

PBS News Hour - Science - MAHA has a plan to clean up the American diet. Will it work?

Ultra-processed foods make up more than half the average American diet and they're linked to rising rates of obesity and heart disease. Health Secretary Robert F. Kennedy Jr. says the Trump Administration has a solution. But will this plan really "Make America Healthy Again?" Horizons moderator William Brangham explores the American food crisis with Marion Nestle, Ashley Gearhardt and Cindy Leung. PBS News is supported by - https://www.pbs.org/newshour/about/funders. Hosted on Acast. See acast.com/privacy

PBS News Hour - World - Machado urges U.S. leaders to push for a democratic government in Venezuela

Venezuelan opposition leader Maria Corina Machado told an audience in Washington that she's confident democracy will return to her nation. But almost two weeks after the seizure of former President Maduro, Machado revealed little of her own plans. As Nick Schifrin reports, that hasn't stopped the Trump White House from engaging with the rest of the Maduro regime they left in place. PBS News is supported by - https://www.pbs.org/newshour/about/funders. Hosted on Acast. See acast.com/privacy

PBS News Hour - World - News Wrap: Trump threatens tariffs for countries not supporting his Greenland takeover

In our news wrap Friday, President Trump ramped up his threats about taking over Greenland and suggested that he may place tariffs on countries that don't support the move, the Supreme Court says it will hear an appeal from Bayer to block thousands of state lawsuits claiming its Roundup weedkiller causes cancer and the Trump administration says it will delay involuntary student loan collections. PBS News is supported by - https://www.pbs.org/newshour/about/funders. Hosted on Acast. See acast.com/privacy

PBS News Hour - World - As U.S. pledge for help goes unfulfilled, Iran’s uprising meets brutal crackdown

It's been a week since Iran imposed a complete internet blackout, with most of its 90 million people cut off from the world. And on Friday, the crown prince in exile urged U.S. military intervention. Geoff Bennett discussed the latest with Abbas Milani, director of Iranian Studies at Stanford University, and Ray Takeyh, senior fellow for Middle East studies at the Council on Foreign Relations. PBS News is supported by - https://www.pbs.org/newshour/about/funders. Hosted on Acast. See acast.com/privacy

The Gist - Funny You Should Mention: Liza Treyger

Comedian Liza Treyger explains why she prefers the 1:30 a.m. Comedy Cellar crowd—the drunk, the horny, the post-Broadway undead—and why bombing early is harder than thriving late. Her Netflix special Night Owl doubles as a thesis on power, hypocrisy, and why men who "hate Taylor Swift" seem uniquely unable to stop talking about her. Treyger argues that worst moments often are the résumé, that comedy works better when it sounds unwritten, and that moral panic is usually just bad joke construction in disguise. Plus: owls, tattoos, true crime, and just a little but about Luigi.

Produced by Corey Wara

Coordinated by Lya Yanne

Video and Social Media by Geoff Craig

Do you have questions or comments, or just want to say hello? Email us at ⁠⁠⁠⁠thegist@mikepesca.com

For full Pesca content and updates, check out our website at https://www.mikepesca.com/

For ad-free content or to become a Pesca Plus subscriber, check out ⁠⁠⁠⁠https://subscribe.mikepesca.com/

For Mike's daily takes on Substack, subscribe to The Gist List https://mikepesca.substack.com/

Follow us on Social Media:⁠⁠⁠⁠ YouTube https://www.youtube.com/channel/UC4_bh0wHgk2YfpKf4rg40_g⁠⁠⁠⁠ Instagram https://www.instagram.com/pescagist/ X https://x.com/pescami TikTok https://www.tiktok.com/@pescagist

To advertise on the show, contact ⁠⁠⁠⁠ad-sales@libsyn.com⁠⁠⁠⁠ or visit ⁠⁠⁠⁠https://advertising.libsyn.com/TheGist

Marketplace All-in-One - Skilled labor scarcity

An AI-driven construction boom is coming, some hope. But to build all that infrastructure, the U.S. is going to need a lot more construction workers, plumbers, HVAC technicians, and other skilled workers. And President Trump’s immigration policies actively work against that goal. Also in this episode: Trump withdraws the U.S. from a key global climate change agreement, Americans shell out for at-home coffee setups, and Kai discusses the week’s economic headlines with Greg Ip at the Wall Street Journal and Amara Omeokwe at Bloomberg.


Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.


Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

the memory palace - Pinch hitting!

With Nate surprisingly sidelined, his friends and fellow Radiotopians at This Day save (This) day. 

Here's the show description: 


In our new series "50 Weeks That Shaped America," we're headed to January 1920 and the first night of Prohibition. Hide your booze! Jody, Niki, and Kellie discuss the long road to prohibition, going back decades, and the political forces that led to the ban of alcohol.

Join our America250 newsletter community! Subscribe for free to get the latest news and analysis of how America250 is playing out. Paying subscribers get access to early, ad-free versions of the show. Plus bonus features throughout the year. To support our work and get access to everything, subscribe now.

This Day is a proud member of Radiotopia from PRX.

Your support helps foster independent, artist-owned podcasts and award-winning stories.

If you want to support the show directly, you can do so on our website: ThisDayPod.com

Get in touch if you have any ideas for future topics, or just want to say hello. Follow us on social @thisdaypod

Our team: Jacob Feldman, Researcher/Producer; Khawla Nakua, Transcripts; music by Teen Daze and Blue Dot Sessions; Audrey Mardavich is our Executive Producer at Radiotopia.

Learn about your ad choices: dovetail.prx.org/ad-choices

Learn about your ad choices: dovetail.prx.org/ad-choices