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US now in control of Venezuela's oil reserves, the largest in the world: Chart

On HALO

1 day ago

Following the dramatic capture of Venezuelan President Nicolás Maduro, the U.S. is now positioned to exert significant influence over the future of the world’s largest oil reserves.Venezuela, a country almost twice the size of California, sits atop extraordinary wealth. At more than 300 billion barrels, Venezuela holds larger proven oil reserves than established energy heavyweights like Saudi Arabia, Iran and Kuwait.The Latin American country is home to an estimated 300 billion barrels—roughly 20% of global supply and nearly quadruple what the U.S. has.Much of that oil, however, is difficult a...

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1 day ago
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