Dumb rashist. This is to drop oil below 50 so that the finished Putin has nothing to fight for.
Maksym Mykhailovskyi
ยท
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Why does Trump care about Venezuela?
The main reason he stated directly โ is the huge amount of oil.
Venezuela has the largest reserves in the world: about 300 billion barrels, which is ~18% of the world's reserves or 17.4 trillion dollars.
In just a few hours, the US likely established control over oil worth more than half of the US GDP and the combined GDP of Germany, Japan, India, and the UK.
โ But it's not just about the volume
Venezuelan oil is heavy. To turn it into money, technology, processing, logistics, and investments are needed โ exactly what American oil giants possess.
This will allow Venezuelan oil to return from "gray" schemes to the controlled market. It will also enable control over this cash flow.
Venezuela can be considered one of the most undervalued energy assets on the planet, which under US leadership could change the oil market in the near future.
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