🔥 THIS OIL DEAL IS HUGE
The U.S. and Venezuela have agreed on a major oil partnership covering 17 fields with about 65 billion barrels of proven potential.
The plan could bring nearly $100 billion in investment to rebuild and modernize Venezuela’s damaged oil industry.
The U.S. would get majority control of the new venture, while Venezuelan crude could also be used to help refill America’s Strategic Petroleum Reserve.
But here’s the catch: this won’t transform oil markets overnight. Venezuela needs years of investment, infrastructure repairs and higher production.
Still, if it works, this could reshape U.S. energy security, Venezuela’s economy and global oil flows for decades.
$CL $ENS
#US #venezuela #CryptoNewsCommunity
The U.S. and Venezuela have agreed on a major oil partnership covering 17 fields with about 65 billion barrels of proven potential.
The plan could bring nearly $100 billion in investment to rebuild and modernize Venezuela’s damaged oil industry.
The U.S. would get majority control of the new venture, while Venezuelan crude could also be used to help refill America’s Strategic Petroleum Reserve.
But here’s the catch: this won’t transform oil markets overnight. Venezuela needs years of investment, infrastructure repairs and higher production.
Still, if it works, this could reshape U.S. energy security, Venezuela’s economy and global oil flows for decades.
$CL $ENS
#US #venezuela #CryptoNewsCommunity
