Venezuela is in the midst of political and economic crisis. Low oil prices and mismanagement have devastated the country’s economy. Michael Matera (Director and Senior Fellow, CSIS Americas Program); Adam Sieminski (James R. Schlesinger Chair for Energy and Geopolitics at CSIS); and Kevin Book (Senior Associate, CSIS Energy & National Security Program) take us through the current situation in Venezuela, with a focus on implications for the oil sector.