“Nobody knows exactly how much it will cost to rebuild Venezuela’s broken-down oilfields, but everyone agrees it’s a lot — and there’s no guarantee that U.S. companies will be chomping at the bit,” Axios reports.
“Venezuela’s crude output has dwindled to well under one million barrels per day after years of underinvestment, mismanagement, and sanctions — a far cry from around 3.5 mbd in the late 1990s.”
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Taegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.
Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.
Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.
Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.
Goddard is the owner of Goddard Media LLC.