Washington’s new oil relationship with Caracas is about far more than Venezuela’s vast reserves. It gives US commercial interests exposure on both sides of the Venezuela–Guyana dispute while raising a much bigger question for global energy markets: what happens to OPEC if Venezuelan production returns at scale with American capital behind it?
A US-backed company is taking control of 17 Venezuelan oil projects, including assets previously operated by Chinese and Russian interests, as Washington secures a 35% stake, privileged access to production and a new strategic energy foothold in the Western Hemisphere
Washington secures majority U.S. control over 17 strategic oil fields, with more than $100 billion in planned investment — but the real story goes far beyond gasoline prices: U.S. energy dominance in the Western Hemisphere and less room for China and Russia
