Skip to content
Search

Latest Stories

Hard Numbers

Hard numbers: Venezuela edition

Venezuelans living in Colombia hold flags as they gather at Plaza de Bolivar to celebrate after U.S. President Donald Trump said the U.S. has struckVenezuela and captured its President Nicolas Maduro and his wife Cilia Flores, in Bogota, Colombia, January 3, 2026.

Venezuelans living in Colombia hold flags as they gather at Plaza de Bolivar to celebrate after U.S. President Donald Trump said the U.S. has struckVenezuela and captured its President Nicolas Maduro and his wife Cilia Flores, in Bogota, Colombia, January 3, 2026.

REUTERS/Andres Galeano
Make us preferred on Google
303 billion: Venezuela is home to 303 billion barrels of oil reserves – the largest of any country, accounting for nearly a fifth of all proven reserves in the world. Proven reserves refers to oil that is known to exist and could be extracted with current technology.

36: Does history rhyme? Maybe not in general, but every so often there is a choice couplet: Maduro’s capture came 36 years to the day after the US arrested Panamanian president Manuel Noriega, a former CIA ally whose falling out with Washington led to his prosecution on drug charges. For more on that, see (and hear) Ian Bremmer’s explainer here.

26: The far-left Bolivarian Revolutionary Socialist movement, led first by Maduro’s charismatic predecessor Hugo Chávez, has held power in Venezuela for 26 years. Chávez won a (legitimate) election in 1998 and assumed power in 1999. Maduro took over after his death in 2013. As part of this morning’s operation to depose Maduro, the US reportedly conducted an airstrike on the mausoleum holding Chavez’s remains.

8 million: Since 2014, nearly 8 million Venezuelans – close to a third of the population – have fled economic crisis and political repression, making it one of the two largest refugee crises in the world, alongside Syria. Colombia alone has absorbed nearly 3 million. About 770,000 went to the United States.

More For You

China’s economic engine cools
Will Fitzpatrick
China’s economy posted one of its slowest quarterly growth rates on record. The slowdown was hardly a surprise: earlier this year, Chinese officials set the country’s lowest growth target since 1991. The weak growth is not coming from a decrease in manufacturing. In fact, exports rose 27% year over year in June. Instead, it’s coming from sluggish [...]
No more father-son time for the Bolsonaros
Will Fitzpatrick
The ban comes after a court ruled that Flavio helped his father sidestep his court-ordered social media ban by publishing a letter on his behalf. The message, which highlighted Jair Bolsonaro’s support for Flávio’s presidential bid, was also viewed as premature campaigning, as Brazil’s election season cannot officially begin until Aug. 16. The ban [...]
Europe has one last spree of Russian gas
Will Fitzpatrick
Months before an EU ban on Russian gas imports goes into effect, European countries are filling up their proverbial cups. The massive purchase of liquified natural gas, mostly from France, Belgium and Spain, highlights just how reliant Europe has been on Russian energy, even as it has sought to wean itself off since the beginning of Moscow’s [...]
Zohran over Bibi?
Natalie Johnson
Le Pen, who leads the National Rally party, can run for president for a fourth time next year in 2027, after the Paris Court of Appeals shortened her ban on holding public office. However, she may have to run under conditions she won’t like: the court ruled Le Pen must wear an ankle bracelet, which she previously said she wouldn’t accept. Le Pen [...]