Trump announces the US is taking control of Venezuela's MASSIVE oil reserves after capturing Maduro.
Venezuela holds the world's largest proven reserves: 299 BILLION barrels of crude oil.
At current ~$57/barrel, that's potentially $17+ TRILLION in value.
Even discounted heavily (it's thick, heavy oil needing major upgrades), we're talking TRILLIONS unlocked.
BUT: Infrastructure is wrecked, pipelines 50+ years old, production crashed under socialism.
US companies will invest BILLIONS to fix it & ramp up. This could flood markets with cheap heavy crude, crush prices long-term... or reshape global energy.
The world just shifted BIG TIME.
Oil futures open Sunday 6PM ET, watch closely.
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Trump announces the US is taking control of Venezuela's MASSIVE oil reserves after capturing Maduro.
Venezuela holds the world's largest proven reserves: 299 BILLION barrels of crude oil.
At current ~$57/barrel, that's potentially $17+ TRILLION in value.
Even discounted heavily (it's thick, heavy oil needing major upgrades), we're talking TRILLIONS unlocked.
BUT: Infrastructure is wrecked, pipelines 50+ years old, production crashed under socialism.
US companies will invest BILLIONS to fix it & ramp up. This could flood markets with cheap heavy crude, crush prices long-term... or reshape global energy.
The world just shifted BIG TIME.
Oil futures open Sunday 6PM ET, watch closely.