Why Venezuela’s oil and minerals matter to the United States
Donald Trump says the US would temporarily seize control of Venezuela and its oil infrastructure, but why is that such an important component of these events?
Venezuela – a founding member of OPEC – has more oil than any other country in the world, around 17% of global reserves.
But output now is a fraction of what it used to be – around 1% of global output, due to declining investment and US sanctions.
#Venezuela #OilPolitics #NicolasMaduro #Geopolitics #BreakingNews #SBSNews
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