🛢 🇻🇪 🇺🇸 Venezuela today produces roughly 30 percent of the oil it produced fifteen years ago.
Returning to production levels near 3 million barrels per day would require close to a decade.
Any scenario of a substantial increase in oil production and foreign investment has something in common:
The need for the White House to be involved in guaranteeing the physical security of all energy investments in Venezuela, from the personnel to the equipment.
📎 Jorge Jraissati
Jorge Jraissati (@JraissatiJorge)
Venezuela is often reduced to a single statistic: the world’s largest oil reserves.
That headline number conceals a far more complex reality.
Venezuelan oil cannot simply “return” to global markets overnight. We need more than that.
Let’s analyze 🧵
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