⚔️ War & Conflict 5d ago · Ryan Simons

65 Billion Barrels Is Only the Beginning

The Cipher Brief
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President Trump announced this weekend that the United States had secured majority control over more than 65 billion barrels of Venezuela’s proven oil reserves through a partnership with private business.That is a big number. But it is not the number the oil and gas industry will be focused on.Venezuela already has the largest proven oil reserves in the world. It produces only about 1.25 million barrels a day. That gap tells you a lot about what comes next.Sixty-five billion barrels of reserves

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