Tag: Energy Geopolitics
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What to Know About Venezuela’s Oil Industry as US Eyes Intervention
Context: Venezuela’s Oil Legacy Venezuela sits atop one of the world’s largest proven oil reserves, a legacy that has shaped its political and economic history for decades. The country’s heavy crude plays a unique role in global markets, influencing costs, refining configurations, and energy security concerns for buyers around the world. Yet decades of political…
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What Trump’s Claim to Take Control of Venezuela’s Oil Means for Global Markets
Overview: A Bold Claim with Far-Reaching Consequences President Donald Trump stated that the United States would take control of Venezuela’s vast oil reserves and mobilize American companies to invest billions to refurbish the country’s faltering oil industry. The assertion, made during a high-stakes moment in U.S. policy toward Venezuela, signals a dramatic shift from traditional…