Most of the us oil refining capacity (70-80%) is built to refine heavy oil. Venezuela has the largest heavy oil reserves in the world.
This will reduce us reliance on opec and allow trump to drill baby drill to bring down oil prices and hence inflation.
Prepare for asset prices to keep going up
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
It was always about the venezuelan oil.
Most of the us oil refining capacity (70-80%) is built to refine heavy oil. Venezuela has the largest heavy oil reserves in the world.
This will reduce us reliance on opec and allow trump to drill baby drill to bring down oil prices and hence inflation.
Prepare for asset prices to keep going up