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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?