Donald Trump was betting on Venezuela's oil as a quick lifeline to clamp down on China and lower global oil prices, but the economic reality came as a shock.
The heads of major energy companies, led by ExxonMobil, Chevron and BP, have made it clear that Venezuelan oil in its current state is not investable.
The reason is due to the nature of the ore itself:
Venezuelan oil is one of the heaviest in the world, with a high sulfur content, and requires complex and expensive refining processes that far exceed the cost of processing light crude. Only a limited number of refineries are able to handle
Donald Trump was betting on Venezuelan oil as a quick lifeline to tighten the noose on China and lower global oil prices, but the economic reality was shocking.
Executives from major energy companies, led by Exxon Mobil, Chevron, and BP, have clearly confirmed that Venezuelan oil, in its current state, is not investable.
The reason lies in the nature of the crude itself:
Venezuelan oil is considered one of the heaviest types of oil in the world, with a high sulfur content, requiring complex and costly refining processes that far exceed the cost of processing light crude. Additionally, only a limited number of refineries can handle it without mixing or special techniques, significantly increasing costs.
Moreover, estimates indicate that restarting the oil sector in Venezuela requires investments exceeding 100 billion dollars, with a timeframe extending between 10 and 15 years before achieving tangible results.
As for feasibility, reports indicate that the project only becomes profitable at prices approaching 80 dollars per barrel, which makes betting on lowering prices below 45 dollars closer to an illusion than reality.
In summary:
Political dreams collided with market calculations... and Venezuelan oil was not the quick solution that was hoped for.$BTC $BNB $SOL #SECxCFTCCryptoCollab #USNonFarmPayrollReport #WriteToEarnUpgrade #BinanceHODLerBREV 