🛢️ Venezuela's Oil: The Hidden Wealth Known to America
Venezuela is not just an oil country; it is the largest oil reservoir in the world with approximately 303 billion confirmed barrels, surpassing Saudi Arabia. Some unofficial analyses suggest it could last for hundreds of years if used wisely, but the stark reality states: the ability to produce depends on infrastructure and investments, not just on the size of reserves.
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The White House announced the acceleration of Chevron's expanded licensing in Venezuela, allowing the company to increase production and export oil. This expansion gives the United States a genuine strategic advantage: those who tap into Venezuela's oil do not merely obtain barrels, but gain strategic time in the global market.
Venezuela has massive reserves, but it requires significant investments in infrastructure before it can achieve actual large-scale production.
The new licenses for Chevron will facilitate a relatively quick flow of oil to the market, but it is not complete control.
Any successful strategic move here grants its participants oil, time, and a strong market.
This is a practical and real step towards bringing Venezuela's oil back to the global market, and it is key for any market player wanting to be part of this strategic race.
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