Venezuela's Oil Future: US vs. Bolivia's Ex-President on Investment & Democracy (2026)

Former Bolivian President Jorge Quiroga and US Secretary of State Marco Rubio have differing views on the future of Venezuela. Quiroga emphasizes the need for a democratic transition and judicial security, while Rubio focuses on legal and political stability for oil investors. Quiroga believes that the US approach to normalizing Venezuela is flawed, and suggests that regional powers should take a more active role in restoring democracy. He argues that the current situation in Venezuela has created a toxic influence in the region, and that a coordinated foreign policy is needed to address the issue. Rubio, on the other hand, highlights the recent reforms in Venezuela's hydrocarbon laws, which he sees as a positive step towards attracting investors. However, he acknowledges that more needs to be done to ensure a stable and democratic future for the country. The article also mentions the potential impact on Guyana, which has become an attractive destination for oil investors due to its prolific Stabroek Block. The US Senate Foreign Relations Committee Chairman, Jim Risch, suggests that US oversight may be necessary for free and fair elections in Venezuela. The article concludes by emphasizing the importance of a democratic Venezuela and the need for a coordinated regional response to the country's political challenges.

Venezuela's Oil Future: US vs. Bolivia's Ex-President on Investment & Democracy (2026)

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