Q&A
Matt Ferchen
{
"authors": [
"Matt Ferchen"
],
"type": "legacyinthemedia",
"centerAffiliationAll": "",
"centers": [
"Carnegie Endowment for International Peace",
"Carnegie China"
],
"collections": [
"China and the Developing World"
],
"englishNewsletterAll": "",
"nonEnglishNewsletterAll": "",
"primaryCenter": "Carnegie China",
"programAffiliation": "",
"programs": [],
"projects": [
"Carnegie Oil Initiative"
],
"regions": [
"North America",
"United States",
"South America",
"East Asia",
"China"
],
"topics": [
"Economy",
"Climate Change",
"Foreign Policy"
]
}
Source: Getty
In The Media
It’s Complicated: The U.S., China, and Venezuela’s Oil Relationship
The United States and China can work together to help Venezuela navigate the challenges facing its crude oil exports sector.
By Matt Ferchen
Published on May 18, 2015
Source: Platts
Venezuela was once the largest source of U.S. oil imports, but when that relationship soured, the Latin American powerhouse turned to a new relationship with China. But as Platts senior editors Brian Scheid and Herman Wang explain, that partnership is not quite what was expected.
Matt Ferchen, resident scholar at the Carnegie–Tsinghua Center for Global Policy, joined to lay out the state of affairs between the three countries and the relationships which hinge on crude trade.
Could the United States and China work together to help Venezuela develop its struggling resource base? Is Venezuela looking to reunite with the United States to bolster its struggling crude export sector? And how has crude oil been used as a political tool in this situation?
About the Author
Matt Ferchen
Former 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.
- How China Is Reshaping International Development
- Why Unsustainable Chinese Infrastructure Deals Are a Two-Way StreetArticle
Matt Ferchen, Anarkalee Perera
Recent Work
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.
More Work from Carnegie Russia Eurasia Center
- The Kremlin Can No Longer Postpone Hard Economic DecisionsCommentary
Depleted financial reserves and a shrinking tax base mean it is no longer possible to simultaneously deliver high defense spending, price stability, and economic growth.
Alexandra Prokopenko
- As It Turns 25, the Shanghai Cooperation Organization Reflects the New World OrderCommentary
With the growth in points of friction between the great powers, organizations like the SCO will continue to play a role in the strategic adaptation of the smaller powers caught between them.
Temur Umarov
- Russia Is Exporting Its Fuel Crisis to Central AsiaCommentary
When faced with fuel shortages in the past, Central Asian governments could always count on additional supplies from Moscow. That safety net no longer exists.
Galiya Ibragimova
- Building Mini-Refineries Will Not Solve Russia’s Gasoline CrisisCommentary
Official discussions about mini oil refineries are unlikely to come to anything—but the mere fact they’re happening reveals the regime is failing to deliver a functioning economy.
Sergey Vakulenko
- Parliamentary Elections in Occupied Ukraine Risk Backfiring for the KremlinCommentary
Despite unhappiness on the ground, Moscow is determined to use both carrot and stick to ensure there is record support for United Russia in occupied Ukraine.
Konstantin Skorkin
