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Rising Venezuelan Oil Exports Help Insulate The US From Energy Crisis

Rising Venezuelan Oil Exports Help Insulate The US From Energy Crisis If the primary purpose behind the Trump Administration's snatch-and-grab operation against the illegitimate president of Venezuela, Nicolás Maduro, was not readily apparent in January, it should be crystal clear today.  Under Maduro, around 75% of the country's energy exports were going to China.  This year, the US will be receiving around 50% of the oil supply while China's share is reduced to 10%.    The stunning shift in the direction of oil shipments is helping to insulate the US from shortages caused...
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Aug 30, 2026 / Tyler Durden
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