Re:Venezuela's capital hit by explosions, smoke seen
by monerozcash on Saturday January 03, 2026 @12:17PM
(#46479103)
It's possible, but we'll probably never know. However, the WTI price is under $60 and going down. The last thing any big oil companies need is more crude supply into the market lowering the benchmark price even lower, especially particularly expensive (to extract) Venezuelan crude
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Re:Venezuela's capital hit by explosions, smoke seen
by verteu on Saturday January 03, 2026 @04:00PM
(#46481479)
> The last thing any big oil companies need is more crude supply into the market lowering the benchmark price even lower, especially particularly expensive (to extract) Venezuelan crude
Check Chevron's stock on Monday to see if you're right. My prediction: It will be significantly up, showing that the action benefited them.
Re:Venezuela's capital hit by explosions, smoke seen
by afavour on Saturday January 03, 2026 @01:05PM
(#46479617)
I think you’re looking in the short term. Long term control of those supplies would be valuable.
Re:Venezuela's capital hit by explosions, smoke seen
by monerozcash on Saturday January 03, 2026 @01:13PM
(#46479705)
US controls those supplies anyway because nobody else is going to develop the capabilities to profitably extract Venezuelan crude. Not Venezuela, certainly not China or Russia.