Prediction record

Missenergy

Within a year (maybe a year and a half), Venezuela will become a net oil importer, with full societal collapse following over the next few years, because without majors like Chevron it will lose oil-production capacity.

A scored record for Peter Zeihan, made on .

BlogPrimary sourceenergygeopolitics

Scored record

Missenergy

we're going to see Venezuela fall into the errors of being the oil importer within a year, maybe a year and a half.

Within a year (maybe a year and a half), Venezuela will become a net oil importer, with full societal collapse following over the next few years, because without majors like Chevron it will lose oil-production capacity.

Made on
2024-06-12
Outcome
Miss
Importance
3 / 5
Contribution
-1.33

Criterion

Resolution status
resolved
Resolved on
2025-12-12

Resolved TRUE if by ~2025-12-12 Venezuela had become a net oil importer (lost crude-production capacity). Resolved FALSE if Venezuela was still producing/exporting meaningful crude.

Miss on the core falsifiable claim (net oil importer within ~18 months): output actually rose. The broader 'full societal collapse over the next very few years' is a longer/vaguer horizon and is not what this record resolves.

Sources

  • The Impending Collapse of Venezuela

    Zeihan on Geopolitics ·

    SourceArchive

Outcome evidence

  • Venezuela was still producing ~0.9-1.1 Mb/d of crude in 2025 (up from ~0.76 Mb/d in 2023 and ~0.87 Mb/d in 2024); Chevron JVs alone ran ~242k b/d in early 2025. Venezuela remained a crude EXPORTER, not a net oil importer, and society had not fully collapsed within the window.

    EvidenceArchive

Corrections

  • certainty verbatim marker: Source prefixes the claim with 'almost certainly barring a significant change in policy'. verbatim_marker must hold the estimative-confidence phrase, not the outcome timeframe.

Score contribution

-1.33
Confidence
85%
Outcome
Miss
Importance
3 / 5
Contribution
-1.33

This page displays the scored record as published; the website doesn't recompute or adjust the score.

Provenance

Within a year (maybe a year and a half), Venezuela will bec…
Methodology version
v1.0.0
Last computed
July 4, 2026
Made on
2024-06-12

How this profile was built

  1. Scored by independent judges

  2. Predictions gathered and sourced

  3. Independently verified against sources

Every public score traces back to sourced prediction records.

Avow is an independent project. The pundits scored here are not affiliated with Avow and do not endorse it. Names and likenesses are used for identification and commentary.

Evidence firstMethodology