Change is the new constant, technology, politics, economics, war.

We now live in a world where what happened yesterday is no longer the best way to know what might

happen tomorrow. New thinking for a new world is a Talberg Foundation podcast designed to help

global leaders and change makers like you connect with diverse, authoritative voices from around

the planet about the issues that are reshaping your world. Listen to new thinking for a new world,

available wherever you get your podcasts. What do you think?

Hello and welcome to the Intelligence on E-Colomist Radio. I'm your host, Patrick Lane,

filling in for Jason Palmer this week. Every weekday we provide a fresh perspective on the events

shaping your world. The coronavirus has crushed the oil market, prices fell by more than half

last month and as a three-year pack between OPEC and Russia comes to an end today, a price war

is raging too. With demand imploding and supply high, the industry looks set to change dramatically.

And as coronavirus lockdowns have embedded video conferences into daily life,

lots of us are getting a good look into each other's homes. We give some tips on how to create the

right impression. First up though. Yesterday, America unveiled a plan to restore democracy

to Venezuela and end the standoff between the country's autocratic president, Niklas Maduro

and the opposition leader Juan Guaidó. I wanted to set out the framework for this path-witted

democracy. In a press conference, the Secretary of State, Mike Pompeo, laid out the proposal.

Represaining both sides would create an acceptable council of state to serve as the transitional

government. He called for a power share in transitional government of Venezuela, followed by elections

later this year. In exchange, America would lift the sanctions that have been turning the screws

on the Maduro regime. Later that day, the Venezuelan foreign minister rejected the offer outright.

But even so, it marked a shift in tone for the Trump administration. Just last week,

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