Venezuela’s goo-in-the-ground isn’t usable oil at current prices (and may never be)
#OilReserves
Gunfire and explosions near Venezuela presidential palace were reported late Monday. https://www.thestatesignal.com/gunfire-and-explosions-near-venezuela-presidential-palace-reported/
#thestatesignal #politics #news #breakingnews #venezuela #maduro #nicolasmaduro #coup #us #uspolitics #government #law #palace #policy #trump #warcrimes #oilreserves #energy #naturalgas #environment #explosion #war #military #defense #miraflores
Energy stocks rallied sharply as U.S. airstrikes in Venezuela paved the way for American oil companies to enter the country, with Halliburton surging over 7% and sector leaders citing potential global economic benefits from increased Venezuelan crude supply.
#YonhapInfomax #EnergyStocks #Halliburton #Venezuela #OilReserves #Chevron #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=98504
Chevron shares soared over 6% in pre-market trading after the U.S. captured Venezuela's President Maduro, fueling expectations for renewed American investment in the country's vast oil sector.
#YonhapInfomax #Chevron #Venezuela #OilReserves #PreMarket #USMilitaryOperation #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=98481
Nearly one-fifth of global crude lies beneath one country, reshaping energy geopolitics
Proven Oil Reserves 😳🤯😱
But?
Is it more about Petro dollars?
Madura was having the Chinese play in Yuans rather than dollars, upsetting the world order (at least from the US standpoint!)
He also wanted to bypass SWIFT and joining BRICS.
In 1974, Henry Kissinger made a deal with Saudi Arabia: All oil sold globally must be priced in US dollars, creating artificial worldwide demand for dollars.
Upsetting this US world order was more than enough to spark a takeover, something the United States has done repeatedly (see Iraq , Iran, Libya history.)
#Venezuela #Trump #Maduro #oilreserves #petrodollar #kissinger
The U.S. airstrike on Venezuela, aimed at securing access to its vast heavy crude reserves, faces major obstacles as experts warn of political, legal, and market challenges for foreign oil companies seeking to re-enter the country.
#YonhapInfomax #Venezuela #Chevron #HeavyCrude #OilReserves #TrumpAdministration #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=98235
Might need to scroll down for good old-fashioned bar-chart: world's largest proven #oilreserves #Venezuela #dataviz
"In recent weeks, some senior aides of the US president have been even more open about Venezuela’s oil: the country’s vast reserves of crude, unmatched in the world, amounted to an estimated 303 billion barrels (Bbbl) as of 2023"
https://aje.io/8erucl
The irony is that impressively large as known #oilreserves in #venezuela may seem to be their extraction costs will be prohibitively high since they consist largely of #tarsands in a geographical area - the upper #orinoco - with remarkably little infrastructure. Only someone who has managed previously to go bankrupt running casinos could be so hubristically incompetent as to seek to acquire those reserves by force!
Lots of Oil, Little Production: What to Know About Venezuelan Energy – The New York Times
Lots of Oil, Little Production: What to Know About Venezuelan Energy
The South American country increasingly at odds with the Trump administration has the world’s largest oil reserves. Listen to this article · 6:17 min Learn more
Where there are large oil reserves
Note: Data shows estimates of proven oil reserves for 2025. See image above.
Source: Oil & Gas Journal.
By Rebecca F. Elliott and Lazaro Gamio, Dec. 5, 2025
Venezuela sits on more oil than Saudi Arabia, Russia, the United States and every other country. Yet, it produces and sells only about 1 percent of the crude the world is using.
President Trump’s recent threats against the Venezuelan government and his administration’s strikes on boats in the Caribbean Sea have cast fresh attention on the country’s energy wealth, which has tantalized generations of oilmen.
It is hard to know what role oil may end up playing in the tussle between the Trump administration and the government of President Nicolás Maduro. But oil has long been central to U.S.-Venezuela relations.
How much oil does Venezuela have?
Venezuela has roughly 17 percent of the world’s known oil reserves, or more than 300 billion barrels, according to the Oil & Gas Journal, an industry publication. In other words, that’s how much oil experts believe could be extracted from the country’s territory.
To put that in context, the United States, the world’s top oil producer, has an estimated 81 billion barrels of proven reserves.
Venezuela pumped almost 5 percent of the world’s oil in 1997, but years of mismanagement, underinvestment and U.S. sanctions have squeezed output. The difficulty of extracting the country’s tar-like oil has also complicated matters.
Venezuela’s yearly oil production
https://datawrapper.dwcdn.net/xruqk/7/?plain=1
Source: U.S. Energy Information Administration. The New York Times
The United States used to buy most of Venezuela’s oil, but that trade stopped in 2019 after the first Trump administration imposed sanctions on the country’s state-owned oil company, Petróleos de Venezuela. Shipments to the United States resumed in 2023, but volumes have remained low. Most of Venezuela’s crude now flows to China.
Which oil companies do business in the country?
Venezuela has seesawed between welcoming private oil companies and asserting state control over the industry.
Editor’s Note: Read the rest of the story, at the below link.
Continue/Read Original Article Here: Lots of Oil, Little Production: What to Know About Venezuelan Energy – The New York Times
#300BillionBarrels #China #Energy #OilCompanies #OilProducingCountries #OilReserves #OilReservesWorldwide #PrivateOilCompanies #SouthAmerica #TheNewYorkTimes #USVenezulaRelations #Venezuela
Trump's plans for #Venezuela get hit with an ALARMING admission from Republican #MariaSalazar, claiming the military escalation would gain US access to their #oilreserves, while top Republicans claim the invasion would be Trump's downfall #SharonReed and #VivianaVigil react
youtu.be/KEXrh13r9YY?...
Trump's Venezuela Plan EXPLODE...
#Venezuela seeks international support amid tensions w/US: has turned to the #UN as #US #naval forces intensify operations... #Caracas accuses #Washington of fabricating threats to justify #military pressure, #Maduro claims true goal is control of Venezuela's vast #oilreserves. Amid #sanctions and #economiccrisis, #civilians are training with #firearms to defend the country. With 8 US #warships deployed, the region faces a mounting #risk of confrontation.
https://www.dw.com/en/venezuela-us-tensions-president-nicolas-maduro/video-74159861
Korea National Oil Corporation President Kim Dong-seop inspected the Ulsan storage facility to ensure emergency oil release readiness amid Middle East tensions, with South Korea holding reserves far above IEA standards.
#YonhapInfomax #KoreaNationalOilCorporation #OilReserves #MiddleEastCrisis #EmergencyRelease #UlsanStorageFacility #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=69096
South Korea’s Ministry of Trade, Industry and Energy confirmed that national oil reserves cover 200 days and gas inventories exceed legal requirements, ensuring stable supply amid the Israel-Iran conflict, while pledging swift response to any disruptions and continued monitoring of domestic fuel prices.
#YonhapInfomax
#MinistryOfTrade #OilReserves #GasSupply #IsraelIranConflict #FuelPrices
#Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=68404
RainSMediaRadio News Africa Contributes 35% of Newly Discovered Global Oil Reserves – Report https://www.rainsmediaradio.com/2025/03/africa-contributes-35-of-newly.html?utm_source=dlvr.it&utm_medium=mastodon Follow, Like & Share #Africa #OilReserves #GlobalEnergy #EnergyTransition #EconomicGrowth
#JoeBiden #biden #Bidenomics #oilreserves #OilPrices #useconomy #trump #covid19
“Biden has more than gotten away with it. He’s turned the strategic reserve into a source of revenue, a tool for giving the economy a boost, and a diplomatic lever that can be used to bludgeon enemies without even waking up the military. Even right-wing outlets have been forced to admit Biden’s mastery of this issue.”
No. Please. No
Big oil reserves discovered off Namibia
US #OilReserves Are At 50% Capacity — Their Lowest Level In 40 Years
https://themessenger.com/business/u-s-oil-reserves-are-at-50-capacity
Congressman Ben Cline was deliberately misleading on the House floor. Crude was sold to the highest bidders, one of which has "ties" to the Chinese government. The word "ties" can mean almost anything. https://www.factcheck.org/2022/07/u-s-selling-oil-from-the-strategic-petroleum-reserve-to-the-highest-bidding-companies/ #propaganda #oilreserves #china #petroleumreserve #cspanwj #cspan
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