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| Venezuela only has one realistic path forward: Oil. That doesn’t mean it’s a sure thing, though. So, let’s lay it all out.
Most production comes from the Orinoco Belt, but it’s complex and expensive crude. Without foreign investment and involvement, this is a no-go. The Lake Maracibo region offers lighter, easier-to-refine oil, with better export access and infrastructure. However, this is a bit of a lawless region, so it would necessitate lots of troops in addition to any investment.
Russia and China come out of this as clear losers, but some US refiners are going to take a hit, too. This isn’t the energy-security play that the US is looking for or needs. Venezuela has likely seen its last days as a major energy producer.
Full 12 minute analysis available exclusively on Patreon ➡️ https://bit.ly/3Ny2ln9 |
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