General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWhat's U.S. Oil Doing in the Ground in Venezuela?
Seems like a rerun of some past reichwingNut illogic to justify a pre-emptive attack on Iraq.
.
As of 2023, Venezuela holds approximately 303 billion barrels of proven crude oil reserves, making it the country with the largest proven reserves in the world.
These reserves account for about 17 % of global proven oil reserves.
Much of Venezuelas oil is extra-heavy crude (very dense, high viscosity, often with high sulfur content), which makes extraction, upgrading, and transport more technically challenging and costly.
The Orinoco Oil Belt (Faja Petrolífera del Orinoco) is central: it contains a large share of the countrys heavy oil reserves.
The U.S. Geological Survey (USGS) estimates that, besides the proven reserves, the Orinoco belt may have 9001,400 billion barrels of heavy crude in place, of which 380652 billion barrels could be technically recoverable (i.e. with existing technology, irrespective of economics).

Iggo
(49,245 posts)mjvpi
(1,786 posts)We have to assume that US oil producers did come up with that billion dollars. I gues invading Venezuela could be the quid pro quo.
Xolodno
(7,183 posts)Did we not learn from Iran?
Maduro is protected by a 1000 Russian mercenaries. And the people can carry out a guerilla war with great success. Not too mention several nations will likely aid these groups if nothing else to give us a black eye, lose standing in the world and drain us further.
Today I read Russia is training China for ariel drops of supplies and troops for invasion of Taiwan. If we are bogged down in another country, our help is going to be difficult to say the least.