Cover image of show The Story of Venezuela: Oil, Power, and Collapse — Fexingo History

The Story of Venezuela: Oil, Power, and Collapse — Fexingo History

Podcast by Fexingo

English

Personal stories & conversations

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About The Story of Venezuela: Oil, Power, and Collapse — Fexingo History

Venezuela was once the wealthiest nation in Latin America, its economy built on the world's largest oil reserves. Today, it is a byword for collapse: hyperinflation, mass emigration, and a humanitarian crisis. The Story of Venezuela: Oil, Power, and Collapse traces this dizzying arc from the colonial era to the present. Lucas and Luna guide listeners through the rise of the oil industry under Juan Vicente Gómez, the dictatorship of Marcos Pérez Jiménez, the oil boom of the 1970s, and the Chavez and Maduro eras. They explore the origins of the nation's deep inequality, the impact of Dutch disease, and the cycles of populism and repression. Key episodes cover the sinking of the USS Maine in 1898 (which involved Venezuelan waters), the 1902-03 blockade by European powers, the formation of OPEC, the Caracazo riots of 1989, the attempted coups of 1992, and the 2014-2019 protests. The show also examines the role of the military, the oil strikes of 2002-2003, and the legacy of Simón Bolívar. By weaving together economics, geopolitics, and human stories, this show offers a gripping explanation of how a nation with the world's largest proven oil reserves ended up in ruins. No simple answers, just a deep dive into a tragedy that continues to unfold. #Venezuela #OilHistory #PetroState #HugoChavez #NicolasMaduro #OPEC #JuanVicenteGomez #MarcosPerezJimenez #SimonBolivar #Caracazo #DutchDisease #LatinAmericanHistory #ResourceCurse #Collapse #Populism #WorldHistory #History #FexingoHistory Keep every episode free: buymeacoffee.com/fexingo

All episodes

180 episodes

episode Venezuela 1989: The Caracazo That Ignited a Revolution artwork

Venezuela 1989: The Caracazo That Ignited a Revolution

In 1989, Venezuela was a nation that had once believed its oil wealth would make it an exception to Latin America's troubles. But by February of that year, the bubble had burst. President Carlos Andrés Pérez, returning to power after a decade, imposed a brutal IMF austerity package known as 'El Gran Viraje'. On February 27, when bus fares and cooking oil suddenly spiked, the poorest neighborhoods of Caracas exploded. What began as isolated looting in Guarenas became a nationwide uprising that the government met with tanks and snipers. This episode tells the story of the Caracazo — the three days of chaos that shattered Venezuela's myth of stability. We walk through the protests that morphed into demands for food, the military response under Plan Ávila, and the hundreds (possibly thousands) of bodies that ended up in unmarked graves. We also explore how this event radicalized a young lieutenant colonel named Hugo Chávez, who had been planning a coup for years. The Caracazo wasn't just a riot; it was Venezuela's first great convulsion of the post-oil era, and it set the stage for everything that followed. #Caracazo #CarlosAndrésPérez #ElGranViraje #IMF #PlanÁvila #Venezuela1989 #February27 #Guarenas #Petare #23DeEnero #HugoChávez #Neoliberalism #Austerity #Looting #MilitaryRepression #History #FexingoHistory #LatinAmerica Keep every episode free: buymeacoffee.com/fexingo [https://buymeacoffee.com/fexingo]

Yesterday - 11 min
episode Venezuela 1914: The First Oil Gusher That Changed Everything artwork

Venezuela 1914: The First Oil Gusher That Changed Everything

In 1914, a drilling crew in the swamps of Lake Maracaibo hit oil at Mene Grande, turning Venezuela from a coffee-and-cocoa backwater into a petrostate. Lucas and Luna explore the story of the Zumaque-1 well — the men who drilled it, the dictator who let them, and the colonial-like concessions that set Venezuela on a century-long dependence on crude. Along the way, they untangle the early role of Royal Dutch Shell, the rise of the Caribbean Petroleum Company, and the forgotten communities displaced by the first boom. A close look at the moment black gold began to flow — and the seeds of today's collapse. #Zumaque1 #MeneGrande #VenezuelaOil #JuanVicenteGómez #Shell #CaribbeanPetroleum #LakeMaracaibo #1914 #OilHistory #PetroState #WildcatDrilling #MaracaiboBasin #StandardOil #Early20thCentury #LatinAmerica #History #FexingoHistory #VenezuelaHistory Keep every episode free: buymeacoffee.com/fexingo [https://buymeacoffee.com/fexingo]

Yesterday - 4 min
episode The 2002 Coup That Almost Ousted Hugo Chávez artwork

The 2002 Coup That Almost Ousted Hugo Chávez

Venezuela, April 2002. President Hugo Chávez is overthrown in a coup that lasts 47 hours, then he returns to power in a stunning reversal. This episode reconstructs the dramatic events: the million-strong opposition march, the shooting at the Llaguno bridge that left 19 dead, the military defections, the brief presidency of businessman Pedro Carmona with his decree dissolving all democratic institutions, and the wave of popular protests that turned the tide. We explore the role of private media, the US reaction, and the deep divisions that foreshadowed Venezuela's ongoing crisis. A story of democracy, its fragility, and its unexpected resilience. #Venezuela #HugoChavez #2002Coup #PedroCarmona #LlagunoBridge #April11 #History #LatinAmerica #OilPolitics #Colectivos #VenezuelanCrisis #CoupAttempt #Democracy #FexingoHistory #Chavismo, #Opposition #MilitaryDefection #MediaBias Keep every episode free: buymeacoffee.com/fexingo [https://buymeacoffee.com/fexingo]

25 Jul 2026 - 7 min
episode Venezuela 1859: The Federal War and Ezequiel Zamora artwork

Venezuela 1859: The Federal War and Ezequiel Zamora

In this episode, Lucas and Luna explore Venezuela's Federal War (1859-1863), a bloody civil conflict that pitted Liberals against Conservatives and foreshadowed the country's enduring political fractures. They focus on the charismatic Liberal leader Ezequiel Zamora, whose agrarian populism and military tactics—including the decisive Battle of Santa Inés—challenged the landholding oligarchy. The conversation covers Zamora's famous cry of 'Tierras y hombres libres' (Free lands and free men), the role of caudillos like José Antonio Páez, and the war's ambiguous aftermath under the Treaty of Coche. They also touch on the Ley de Manos Muertas and how the conflict shaped Venezuela's path toward modern populism. For listeners who know the later Chavismo parallels, this episode shows the deep roots of Venezuela's struggle over land, power, and federalism. #Venezuela #FederalWar #EzequielZamora #SantaInez #TierrasYHombresLibres #JoseAntonioPaez #LiberalParty #ConservativeParty #GuerraFederal #Caudillos #TreatyOfCoche #LeyDeManosMuertas #19thCentury #SouthAmerica #History #FexingoHistory #CivilWar #Populism Keep every episode free: buymeacoffee.com/fexingo [https://buymeacoffee.com/fexingo]

24 Jul 2026 - 5 min
episode Venezuela 1823: The Battle of Lake Maracaibo That Sealed Independence artwork

Venezuela 1823: The Battle of Lake Maracaibo That Sealed Independence

In 1823, the fate of Venezuela's independence from Spain hung by a thread. While Simón Bolívar campaigned in Peru, Royalist forces regrouped in Puerto Cabello and Morillo's navy threatened to undo everything. Enter Admiral José Prudencio Padilla, a Colombian of African descent who commanded a makeshift fleet of schooners and gunboats. On July 24, 1823, on the waters of Lake Maracaibo, Padilla faced off against the Spanish fleet under Ángel Laborde. The battle was a decisive victory for Gran Colombia, forcing the last Spanish strongholds to surrender and ending 300 years of colonial rule. This episode dives into the naval campaign, the strategic genius of Padilla, the role of the lake's geography, and how this often-overlooked battle made Bolívar's victories on land possible. It's a story of grit, tactics, and the fight to control Venezuela's waterways. #BattleOfLakeMaracaibo #JoséPrudencioPadilla #VenezuelanIndependence #GranColombia #ÁngelLaborde #NavalHistory #July241823 #LakeMaracaibo #PuertoCabello #SimónBolívar #AdmiralPadilla #SpanishRoyalist #SouthAmericanHistory #FexingoHistory #History #WarOfIndependence #NavalWarfare #Venezuela Keep every episode free: buymeacoffee.com/fexingo [https://buymeacoffee.com/fexingo]

24 Jul 2026 - 6 min
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