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Johonny

(26,304 posts)

1. They have a large reserve

Reply to Ranting Randy (Original post)

Mon Jan 5, 2026, 12:24 PM

Jan 2026

But not a lot of it is hitting the commodities market is my guess. Or to put it another way, they already embargoed the oil, so whatever effect on the market happened already.

It makes you think think these oil fields aren't too highly thought of.

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Highlight:

Q Why didn't oil prices spike over the United States' invasion and "take over" of Venezuela and the kidnapping... [View all] Ranting Randy Jan 2026 OP

They have a large reserve Johonny Jan 2026 #1

We were in a glut even before Trump seized the oil assets of another oil producing country. BannonsLiver Jan 2026 #2

Venezuela's oil industry has been in decay for two decades Amishman Jan 2026 #3

So maybe it's more about Trump's insane need to be a war president... ananda Jan 2026 #4

Venezuela's Oil Production Is Quite Small Right Now MineralMan Jan 2026 #5

Venezuela is only Greg_In_SF Jan 2026 #6