A recent energy power struggle is evolving into a new hotspot for global capital. The US energy companies have been approved to directly enter Venezuela's oil field development, which is not just a simple business decision but a major geopolitical move reshaping the global energy landscape.

Numbers speak: Venezuela controls the world's largest heavy oil reserves, totaling 3,030 billion barrels, accounting for 17% of global crude oil reserves. What does this ratio mean? It signifies a shift in energy discourse power. The previously OPEC+ dominated oil market pattern is being rewritten by the US through on-the-ground control.

Why does the market react so intensely in an instant? The key points are twofold: First, the direct economic benefits. Venezuela's heavy oil is well-suited to the refining processes of US Gulf Coast refineries, with extraction costs a quarter lower than deep-sea oil projects. This means US energy giants—such as Chevron and ConocoPhillips—can directly enjoy super cash flows. Second, the potential for increased supply. Currently, this oil field produces only 1 million barrels per day; if restored to 3 million barrels, it could send shockwaves through global oil prices. Every breakthrough in capacity or news of geopolitical friction could trigger extreme volatility in energy stocks.

But there is an invisible danger here: the essence of this chess game is not fundamental logic but a clash of politics and capital. Restoring capacity requires an investment of $58 billion, and regime risks could reverse the situation at any time. If the global market experiences oversupply, the earlier profits could evaporate instantly. The energy sector has become a rare dividend opportunity in ten years, but also a high-risk meat grinder.

What does this mean for market participants? Volatility is activated. Whether it’s policy easing, capacity progress, or any change in geopolitical situation, all could become triggers for rapid stock price swings. Valero, ConocoPhillips, Chevron—these targets that directly position themselves in the Venezuelan oil industry chain are worth close monitoring.

Venezuela is moving from a marginal market to the center stage of global energy trading. This high-stakes gamble has just begun, and every subsequent move could redefine the flow of global capital.