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Kirill Dmitriev
@kadmitriev
·
Jan 3
Venezuela holds the world’s largest proven oil reserves (~20%)—about 7× the U.S.
U.S. sanctions have helped keep output around ~700k bpd vs ~3M capacity.
U.S. + Venezuela production would be near ~20% of global supply (almost 2 x of Saudi’s ~10%) —huge market leverage.🛢️
>https://x.com/kadmitriev/status/2008750471536930963