event

U.S.-China-Venezuela Oil Ties

Wed. May 6th, 2015
Washington, DC

Venezuela has the world’s largest oil reserves, and the United States and China are the world’s largest oil importers, yet Venezuela’s relations with Beijing and Washington couldn’t be more different. China has built a massive state-to-state, loans-for-oil relationship with Venezuela, while U.S. oil imports from the country continue to decline as diplomatic ties further fray. All of this is taking place against a background of rising Chinese influence in Latin America and renewed U.S. diplomatic and energy initiatives with Cuba and throughout the region.

Matt Ferchen presented his findings from his recent Carnegie article, Crude Complications: Venezuela, China, and the United States, and Francisco Gonzalez offered comments.

Matt Ferchen

Matt Ferchen is a resident scholar at the Carnegie–Tsinghua Center for Global Policy, where he runs the China and the Developing World Program.

Francisco Gonzalez

Francisco Gonzalez is the Riordan Roett associate professor of Latin American studies at Johns Hopkins School of Advanced International Studies.

Climate ChangeForeign PolicyNorth AmericaUnited StatesSouth AmericaEast AsiaChina
Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.
event speakers

Matt Ferchen

Nonresident Scholar, Carnegie-Tsinghua Center for Global Policy

Ferchen specializes in China’s political-economic relations with emerging economies. At the Carnegie–Tsinghua Center for Global Policy, he ran a program on China’s economic and political relations with the developing world, including Latin America.

Francisco Gonzalez

Francisco Gonzalez is the Riordan Roett associate professor of Latin American studies at Johns Hopkins School of Advanced International Studies.