Sign In or Create an Account.

By continuing, you agree to the Terms of Service and acknowledge our Privacy Policy

Sparks

Venezuela Essentially Approves a Petrowar

The country votes to annex their oil-rich neighbor, Guyana.

Nicolas Maduro.
Heatmap Illustration/Getty Images

Under pressure from the U.S. to hold a free and fair election, Venezuela’s President Nicolás Maduro upped the ante. On Sunday, the nation went to the polls — to vote to invade its neighbor and the world’s newest petrostate, Guyana.

Approval was seemingly swift and suspiciously overwhelming. According to the Venezuelan National Electoral Council, the ballot’s five-question referendum — which culminated in asking if Caracas should incorporate Guyana’s Essequibo region “into the map of Venezuelan territory” — passed by a margin of 95%.

Calling the vote a free or fair election might be a bit of a stretch; local opponents seized on the fact that the National Electoral Council touted “10.5 million votes cast,” rather than the overall number of voters, meaning that — given the five ballot questions — potentially as few as 2 million people actually turned out to vote in the nation of 28.2 million. Reuters also reported that lines were scarce at voting centers.

Still, snatching the Essequibo region, which makes up about two-thirds of Guyana and is roughly the size of Florida, is popular among Venezuelans due to a controversial 1899 decision by an international tribunal that gave the territory to what was then the British colony of Guiana. Venezuelans have long considered themselves to have been swindled by Western powers in the deal, with decades of revanchist schooling and local propaganda making the Essequibo issue an easy and appealing way for Maduro to shore up domestic support.

It remains unclear, though, how far Venezuela might go in the enforcement of its claim on the land, CNN notes. International Court of Justice President Joan E. Donoghue has nevertheless warned that Caracas appears to be “taking steps with a view toward acquiring control over and administering the territory in dispute.” Comparisons to Russia’s invasion of Ukraine and Argentina’s 1982 invasion of the Falkland Islands are already popping up, with commentators wondering what President Biden will do if the crisis escalates to actual fighting — and on America’s hemispheric doorstep, no less.

Many experts on the region also say the referendum, and any ensuing land grab, are distractions meant to bolster nationalist sentiment and Maduro’s popularity during a time of domestic turmoil and outside pressure for a leadership change. But it’s hardly a coincidence that the land in dispute is oil-rich — and newly considered to be so. Guyana was a poor, remote, and tiny neighbor to Venezuela before the discovery of oil offshore (and in Essequibo) in 2015. Now the country is thought to be sitting on 11 billion recoverable barrels and international oil companies are jostling for a go at the reserves, even as Guyana faces the irony of being especially susceptible to climate change.

The easy comparison between the two oil states makes the situation even more bruising for Caracas: Guyana is now “set to surpass the oil production of Venezuela,” CNN writes, while the latter country’s production has dropped from a height of 3 million barrels per day in 1999 to a mere 700,000 barrels per day this year, due to ongoing mismanagement and U.S. sanctions. No wonder the oil reserves just across the border look so tempting.

Perhaps, then, this will be the way the world’s next oil war starts: Not with a bang but with a vote.

You’re out of free articles.

Subscribe today to experience Heatmap’s expert analysis 
of climate change, clean energy, and sustainability.
To continue reading
Create a free account or sign in to unlock more free articles.
or
Please enter an email address
By continuing, you agree to the Terms of Service and acknowledge our Privacy Policy
Sparks

Judge to Trump on Congestion Pricing: Get Outta Here

“It is difficult to imagine more arbitrary and capricious decisionmaking than that at issue here.”

Zohran Mamdani and Kathy Hochul.
Heatmap Illustration/Getty Images, Library of Congress

A federal court shot down President Trump’s attempt to kill New York City’s congestion pricing program on Tuesday, allowing the city’s $9 toll on cars entering downtown Manhattan during peak hours to remain in effect.

Judge Lewis Liman of the U.S. District Court for the Southern District of New York ruled that the Trump administration’s termination of the program was illegal, writing, “It is difficult to imagine more arbitrary and capricious decisionmaking than that at issue here.”

Keep reading...Show less
Green
Sparks

RIP Trump’s Liberation Day and Fentanyl Tariffs

Clean energy stocks were up after the court ruled that the president lacked legal authority to impose the trade barriers.

The Supreme Court.
Heatmap Illustration/Getty Images

The Supreme Court struck down several of Donald Trump’s tariffs — the “fentanyl” tariffs on Canada, Mexico, and China and the worldwide “reciprocal” tariffs ostensibly designed to cure the trade deficit — on Friday morning, ruling that they are illegal under the International Emergency Economic Powers Act.

The actual details of refunding tariffs will have to be addressed by lower courts. Meanwhile, the White House has previewed plans to quickly reimpose tariffs under other, better-established authorities.

Keep reading...Show less
Sparks

Google’s Investment Surge Is Fabulous News for Utilities

Alphabet and Amazon each plan to spend a small-country-GDP’s worth of money this year.

A data center and the Google logo.
Heatmap Illustration/Getty Images

Big tech is spending big on data centers — which means it’s also spending big on power.

Alphabet, the parent company of Google, announced Wednesday that it expects to spend $175 billion to $185 billion on capital expenditures this year. That estimate is about double what it spent in 2025, far north of Wall Street’s expected $121 billion, and somewhere between the gross domestic products of Ecuador and Morocco.

Keep reading...Show less
Blue