Venezuela's Oil: Who Really Wins?
VenezuelaTue Jan 06 2026
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Venezuela holds a massive amount of oil. It's the biggest reserve in the world. But getting it out is a big challenge. The country's oil fields are old and not very efficient. Plus, the oil they have is dirty and costly to clean.
Some people think the U. S. wants this oil. They say it's why they want to change Venezuela's government. But who really benefits? It's not clear. American oil companies had problems there before. One company, Chevron, is still working there. But others are not rushing in.
Why aren't they interested? First, oil prices are not high. Companies need higher prices to take risks. Second, they are unsure about the future. A recent survey showed many are not planning to spend more or hire more people.
Venezuela's oil is a big deal. But it's not easy to get. The country has over 300 billion barrels. That's a lot! But they only produce a little each day. It's just 1% of the world's oil. And it's not the cleanest oil out there.
So, who wins if the U. S. takes control? Maybe a few companies. But not everyone. And maybe not even the American people. It's a complicated situation. One that needs more thought.
https://localnews.ai/article/venezuelas-oil-who-really-wins-4bef540a
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