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Get the Facts: How much oil does Venezuela have? Is US investment a real possibility?
U.S. companies weigh Venezuela’s 303 billion barrels of crude amid sanctions, infrastructure costs, and political instability, with cautious monitoring ongoing, experts say.
- U.S. oil companies are closely monitoring developments about Venezuela, and analysts expect firms to move cautiously rather than rush into large investments.
- A history of U.S.-Venezuela oil trade shows past peaks and declines, with imports peaking in 1997 then falling sharply after 2019 sanctions on PDVSA; the Trump administration floated tapping Venezuela's reserves.
- Energy experts point to high upfront costs rebuilding Venezuela's oil infrastructure and political instability after the U.S. captured President Nicolás Maduro as major investment barriers.
- Market access for American companies might ease price pressures, experts note that gas prices depend heavily on global market forces, not solely on access to one country's oil.
- Compared with roughly 74 billion barrels in the U.S., Venezuela's about 303 billion barrels attract buyers like China, while the U.S. sources most imported oil from Canada.
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25 Articles
25 Articles
Coverage Details
Total News Sources25
Leaning Left1Leaning Right0Center23Last UpdatedBias Distribution96% Center
Bias Distribution
- 96% of the sources are Center
96% Center
C 96%
Factuality
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