Michael Burry's Venezuela Oil Bet Gains Momentum Amid Global Energy Shifts
TL;DR Summary
Investor Michael Burry suggests that the US-led regime change in Venezuela could weaken Russia's influence by increasing Venezuelan oil production, potentially lowering global oil prices and impacting Russia's economy, especially given its reliance on oil revenues for its war efforts in Ukraine.
- 'Big Short' investor says Venezuela's regime change means Russia’s oil ‘just became less important’ Fortune
- Michael Burry's big play off the U.S.-Venezuela situation, which the investor has held for years CNBC
- 'Big Short' Michael Burry: US raid on Venezuela 'changed the game' for global energy Business Insider
- Michael Burry Wins Big with Bet on Valero Energy (VLO) ahead of U.S. Action in Venezuela TipRanks
- This hedge-fund billionaire bet on a Venezuela-linked oil refiner at just the right time MSN
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