Letter from South America: Sanction threat fails to curb Caracas
Washington has put oil and gas sanctions back in place while Venezuela prepares for elections. But exemptions remain as the Biden administration looks to domestic gasoline prices ahead of the US’ own elections later this year
For the first time in a long time, Venezuela has a unified opposition and President Nicholas Maduro has genuine cause to worry that a free and fair election could unseat him. Maria Corina Machado, the candidate elected in the opposition primaries, was barred from running by a Chavista court. But she has thrown her weight behind a former diplomat, Edmundo Gonzalez, and it seems as though the electorate is also rallying behind him. The election is still several weeks off and there is no telling what skulduggery may be employed between then and now to strengthen the Chavistas’ position. But one thing remains painfully evident: Venezuelans of all stripes desire change. For President Joe Biden, t

Also in this section
14 April 2025
US consumers are not likely to see gasoline prices fall to Trump’s ‘beautiful number’, at least if the president also wants to encourage more drilling
11 April 2025
The Gulf state’s offer to supply electricity-starved Syria is an opportunity to support a key ally, but Doha’s ambitions to build broader pipeline networks to Turkey and Europe face challenges
11 April 2025
As the global economy grows, demand for materials is expected to increase. The way materials are made could incorporate new technologies in the future to ensure economic growth is more sustainable
10 April 2025
Technology, policy and narrative are the three biggest factors that could change the course of our 2050 outlook