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MineralMan

(151,345 posts)

5. Venezuela's Oil Production Is Quite Small Right Now

Reply to Ranting Randy (Original post)

Mon Jan 5, 2026, 01:31 PM

Jan 2026

It will not increase markedly anytime soon, either. So, since not much oil is coming from that nation at the moment, there's no real impact from an increase or decrease in Venezuelan production.

It is true that the country has a very large petroleum resource, but it is currently not being tapped effectively. The infrastructure has deteriorated over several decades and will require massive revision and repairs. So, not much of an effect on the world's oil market.

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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