FEBRUARY 2026 – Most know Daniel Yergin as the author of The Prize, the 1990 tome that’s widely regarded as the definitive history of global oil commerce and politics. And at age 79, he today remains the foremost authority on the subject. So when he delivers 1,500 words to the WSJ on Venezuela’s prospects for an oil recovery, people – that is, readers – should feel fortunate he made the effort. Yergin’s message: Don’t expect Venezuela’s to resurrect itself – or global oil companies to, either – quickly from its morass of degraded infrastructure and corruption. It’ll take decades and hundreds of billions to restore the country’s production capacity. It’s a message that may seem somewhat obvious, but Yergin came out with his opinion barely days after the US military pulled off its stunning extraction of Nicolas Maduro from the country. An authoritative and utterly timely commentary.
https://www.wsj.com/world/americas/can-trump-make-venezuela-an-oil-giant-again-20bcfa03