Venezuela’s Questionable Oil Figures Are Now Trump’s to Tout

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Why This Matters

Venezuela's large oil reserves could be a potential opportunity for the White House to boost oil production, but the figures are questionable.

Market Impact

Market impact analysis based on bullish sentiment with 60% confidence.

Sentiment
Bullish
AI Confidence
60%
Time Horizon
Short Term

Article Context

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On paper, Venezuela has enough oil reserves to maintain production at current levels for more than 800 years, an enticing prospect for the White House as it pushes Big Oil to get the petrostate gushing again.

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Original article published by Bloomberg on January 22, 2026.
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