How the chaos in Venezuela will impact oil prices

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The United States is Venezuela's biggest and most important oil customer, accounting for 39% of the OPEC nation's deliveries last year, according to ClipperData

 

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Go electric-We must do better.

Nowadays venezuela produce less oil than Colombia

So i guess that is why you want to free them from their oil......

The United States is a net seller of oil and natural gas

Sounds like an excellent reason to keep the rigs pumping here on American soil. Low gas prices generally equate lay-offs in the oilfield here. Hopefully this keeps them working. 🇺🇸🇺🇸🇺🇸

This is answer to why the intervetion to venezuela

Have you seen all of the Citgo gas stations not to mention manufacturing grease and etc ? They flourished and expanded into the US long long long before Trump and we don't truly need them. So the soyboys and girls blaming POTUS need to put heroin down and think - 90% Mexico

I thought oil was bought and sold on the open market as opposed to buying from specific countries...

Socialism leads to dictators like Castro, Chavez, Madero, Putin, but u can always vote for them whether u did or didn't! Coming to a state near u, AOC, K Harris, Mad Max, Bernie Sanders and the Pseudo- democrat party!

I'm sure that oil money fuels the gov't

Paying attn resident socialist Sensanders & AOC

Not for long.

Trump made oil flow from the U.S. thank him:)

we americans r smart, we have a brilliant pres, n we can handle this possible oil-problem.

Next year, the US will export more energy than it imports. That hasn't happened since 1953 FactsFirst

Let's all think about this real hard.

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Break in US-Venezuela relations raises fresh concerns for oil market and OPECA sudden escalation in long-burning tensions between the United States and Venezuela could have far-reaching ramifications in the oil market. US only holds interest on their combustible. Bc someone needs oil prices to rise since analysts continually say oil needs to around $60 a barrel...hmmm But trickle down economics don't work 🤔🤔
Source: CNBC - 🏆 12. / 72 Read more »