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Houston Matters

Houston’s Energy Industry Keeps An Eye On Venezuela

If the U.S. imposes sanctions on the Venezuelan oil sector, what effect could it have on the Houston oil and gas industry?


Nicolás Maduro, President of Venezuela
Nicolás Maduro, President of Venezuela.

On July 31, the U.S. announced it was imposing sanctions on Venezuelan President Nicolás Maduro, calling him a “dictator” after the election for a constitutional assembly.

The U.S. hasn't imposed sanctions on Venezuela's oil industry — yet. But it's not entirely off the table. If that does happen, what could it mean for Houston, the oil and gas capital of the world?

We talk it over with Dr. Francisco Monaldi from Rice University's Baker Institute for Public Policy.