💥 Venezuela Oil Update: Giant Reserves, Broken System 💥
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Venezuela holds the world’s largest proven oil reserves—over 300 billion barrels, surpassing Saudi Arabia and the US. 🌍⛽
But here’s the problem: decades of neglect have left pipelines, refineries, and production facilities in ruins. Any real boost in supply will be slow, limited, and expensive. 💸🔧
⚡ Market impact:
Short-term: headlines and political news could create a geopolitical premium, nudging oil prices higher.
Long-term: meaningful supply growth requires years of repairs, foreign investment, and stable governance. 🕰️
Even with Trump-era US-backed initiatives, Venezuela is not about to flood global markets overnight. For now, it’s a sleeping giant driving headlines, not a supply shock. 📰📈
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