Venezuela's Oil: Potential Impact on US Gas Prices and Investment Outlook
TL;DR Summary
While Venezuela's vast oil reserves and potential US involvement could influence global oil markets, current small-scale exports and market oversupply suggest minimal immediate impact on US gas prices, with long-term effects uncertain due to logistical, political, and economic challenges.
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- Exxon CEO calls Venezuela ‘uninvestable’ without ‘significant changes’ The Washington Post
- Donald Trump’s Venezuela oil deal is already up and running The Economist
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