There is a lot of talk about oil in Venezuela, but that's just a small part:
- 300B barrels of crude (the largest in the world) - 200 Tcf of natural gas - 4B tons of iron (≈ 600,000M USD) - 161 tons of gold (≈ 22,000M USD) - 500M tons of coal - 2% of the world's freshwater
Strategic minerals untapped: nickel, copper, and phosphates.
And all of this at a time when the dollar is weak, making real and strategic assets even more valuable.
Venezuela is not just oil; it is a global strategic asset.
Controlling this, the US gains a lot, and all of this makes me question why it has been so easy and China has allowed it.
It's clear what the US gains, but… what does China gain?
Taiwan? NVDA chip?
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
There is a lot of talk about oil in Venezuela, but that's just a small part:
- 300B barrels of crude (the largest in the world)
- 200 Tcf of natural gas
- 4B tons of iron (≈ 600,000M USD)
- 161 tons of gold (≈ 22,000M USD)
- 500M tons of coal
- 2% of the world's freshwater
Strategic minerals untapped: nickel, copper, and phosphates.
And all of this at a time when the dollar is weak, making real and strategic assets even more valuable.
Venezuela is not just oil; it is a global strategic asset.
Controlling this, the US gains a lot, and all of this makes me question why it has been so easy and China has allowed it.
It's clear what the US gains, but… what does China gain?
Taiwan? NVDA chip?