Lets recap the Yanqui imbecile playbook. Venezuela peaked oil production in mid 1990s, 3.5mbpd. Today it is ~ 1mbpd. Infrastrcuture crumbled due to sanctions.
So now Yanqui has to spend money, $100 billion, on improving infrastrcuture when the simple fix was not to sanction it in the first place but negotiate a deal with Venezuela. Yanqui is paying for his mistakes in other words. But Yanqui is an imbecile and this was far too difficult to achieve.....real deal-making is impossible. They opt for CIA regime change. And look where that has led to. A world the USA no longer rules. Ah well.
Which brings us to China. China reaped the rewards of Venezuelan oil by paying discounts and investing heavily in the country. If the US wants the oil bounty, it needs to spend far more than $100 billion. And these oil installations will make good target practice for guerillas (get the hint?) if the US makes a wrong turn. Western oil companies should take note of the risk factor.
By the time this is ready, China will be global world leader in green energy, 100% renewable and domestic energy, and hundreds of new nuclear reactors. The rest of its oil and gas will come from Russian arctic and some Middle East and African allies.
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