- Copyright Page
- Dedication
- About the Editors
- Contributors
- Acknowledgments
- The Politics of Energy in a Changing Climate: An Introduction
- Fossil Fuels: A Technical Overview
- Nuclear Power: A Technical Overview
- The Infrastructure for Electricity: A Technical Overview
- Oil and Gas Infrastructure: A Technical Overview
- Renewable Energy: A Technical Overview
- Energy Interdependence
- The Politics of Energy Regionalism
- Energy Politics and Gender
- The Politics of Energy Justice
- The Energy Politics of Corporate Social Responsibility
- The Politics of Energy Security
- Energy and International Conflict
- Energy as an Instrument in Global Politics
- The Politics of Oil Markets
- The Politics of Energy and Climate Change
- The Energy Politics of the United States
- The Energy Politics of North America
- The Energy Politics of the European Union
- The Energy Politics of Russia and Eurasia
- The Energy Politics of China
- The Energy Politics of India
- The Energy Politics of Japan
- The Energy Politics of the Asia-Pacific Region
- The Energy Politics of Brazil
- The Energy Politics of Venezuela
- The Energy Politics of Latin America
- The Energy Politics of the Middle East and North Africa (MENA)
- The Energy Politics of South Africa
- The Politics of Energy and Sustainable Development in Sub-Saharan Africa
- Energy Politics: Research Contributions and Future Directions
- Index
Abstract and Keywords
Venezuela is essential for global energy politics because it has the largest oil reserves in the world. Historically the nation has been a significant producer, but from 2013 onward it became immersed in a deep crisis. This chapter discusses the transformation of Venezuela attributed to oil extraction, the complexities of the political configurations molded by rent distribution, and the changes in sociocultural features due to the permeation of oil rents. Venezuela’s dependence on oil has often been explained through the “resource curse thesis” due to its incapacity to assure the benefits of the commodity-led growth model and to invest in activities that foster long-term development. Political science scholarship, specifically, has been most concerned with the use of oil wealth to shape state and society and with the relationship between the state and the oil industry in Venezuela, especially its national oil company, PDVSA. These arguments account for a paradoxical mismatch between Venezuela’s promise as producer and its indebted and inefficient oil industry during Bolivarian Revolution, led first by Hugo Chávez and later by Nicolás Maduro.
Keywords: PDVSA, Venezuela, Bolivarian Revolution, resource curse, rentier state, rentier capitalism, resource nationalism
Antulio Rosales, University of Oslo
Miriam Sánchez, City University of Hong Kong
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- Copyright Page
- Dedication
- About the Editors
- Contributors
- Acknowledgments
- The Politics of Energy in a Changing Climate: An Introduction
- Fossil Fuels: A Technical Overview
- Nuclear Power: A Technical Overview
- The Infrastructure for Electricity: A Technical Overview
- Oil and Gas Infrastructure: A Technical Overview
- Renewable Energy: A Technical Overview
- Energy Interdependence
- The Politics of Energy Regionalism
- Energy Politics and Gender
- The Politics of Energy Justice
- The Energy Politics of Corporate Social Responsibility
- The Politics of Energy Security
- Energy and International Conflict
- Energy as an Instrument in Global Politics
- The Politics of Oil Markets
- The Politics of Energy and Climate Change
- The Energy Politics of the United States
- The Energy Politics of North America
- The Energy Politics of the European Union
- The Energy Politics of Russia and Eurasia
- The Energy Politics of China
- The Energy Politics of India
- The Energy Politics of Japan
- The Energy Politics of the Asia-Pacific Region
- The Energy Politics of Brazil
- The Energy Politics of Venezuela
- The Energy Politics of Latin America
- The Energy Politics of the Middle East and North Africa (MENA)
- The Energy Politics of South Africa
- The Politics of Energy and Sustainable Development in Sub-Saharan Africa
- Energy Politics: Research Contributions and Future Directions
- Index