Berkshire recently increased its stake in Chevron, a move that comes as discussions around revitalizing Venezuelan oil production resurface. Beyond the investment angle, I’m more curious about the energy implications.
Given Venezuela’s infrastructure challenges, sanctions history, and years of underinvestment, how realistic is a significant production rebound in the near to medium term? If output were to rise meaningfully, would it materially affect global crude supply, or would the impact be marginal relative to OPEC+ dynamics and US shale?
Source: National-Theory1218