BREAKING NEWS : oil prices will fall on Monday as a result of the US takeover Venezuela. What’s your oil price prediction for 2026?

[Litwin]

Amen to that!

2 questions :
a. Is Saddam Putsein the next one in line?
b. What’s your oil price prediction for 2026?

 

[Mack The Finger]

Remember when all the hippies all said the us was fighting in Iraq for thier oil and than didn't get any ?

 

[multivita-man]

I would be careful about getting too far ahead of your skis.

For one thing, it's not like we can bring new oil from Venezuela online anytime soon. It'll take probably at least a good 1-2 years before we're able to upgrade their badly dilapidated infrastructure. This also assumes that there's political stability in the country during that time. I'm sure that the CIA has probably made all sorts of promises to enrich the leadership in and out of the military with cuts of the oil revenues, but that takes time and there's a lot of backstabbing that will no doubt happen.

Another reality, though, is that what's bad for Russia is also bad for OPEC and even the US oil producers. There's significant investment that needs to be realized. It gets really difficult for a lot of people in the energy sector when costs go below $55/barrel, and ideally, most producers would like to see that number closer to $70.

Russia has a lot of what the world wants.

 

[sealybobo]

Amen to that!

2 questions :
a. Is Saddam Putsein the next one in line?
b. What’s your oil price prediction for 2026?

What if this raises oil prices?

 

[Litwin]

What if this raises oil prices?

Also worth mentioning Venezuela’s oil industry has been basically completely shut down barely producing anything. Once sanctions are removed the oil industry will produce 100X as much oil as they had been. That will cut pricing further.

This is a checkmate to despot Putin indeed. Hopefully now khan Putin rushes to the negotiating table… because soon the only thing that keeps his war going will vanish. Everyone should be happy Bolshevik Maduro is gone.

 

[Mack The Finger]

Russia has a lot of what the world wants.

And what IVAN wants.

Remember when the USSR was fighting in Afghanistan and we were fighting the cold war with the USSR ?

The US (Jimmy Carter) got caught trading wheat with them for oil.

How is it you spellDUHA again.

 

[Jim H - VA USA]

In Trump's address today, he said something like...

"We're going to run Venezuela for a while, dramatically increase their oil production, using the proceeds to enrich Venezuelans and America."

He also said, "we're gonna take back the oil."

Transcript here.

So, you can bet oil prices are going to stay low for an extended period if the plan works out.

Interestingly....

 

[sealybobo]

Also worth mentioning Venezuela’s oil industry has been basically completely shut down barely producing anything. Once sanctions are removed the oil industry will produce 100X as much oil as they had been. That will cut pricing further.

This is a checkmate to despot Putin indeed. Hopefully now khan Putin rushes to the negotiating table… because soon the only thing that keeps his war going will vanish. Everyone should be happy Bolshevik Maduro is gone.

I wonder what country is next. Iran seems most likely. I'm just worried because your guys history on nation building is not good. Korea, Viet Nam, Iraq. Didn't Bush use the same arguments for why we went into Iraq? Saddam was a bad man?

“When she first got in and was named speaker, I met her. And I’m very impressed by her. I think she’s a very impressive person. I like her a lot. But I was surprised that she didn’t do more in terms of Bush and going after Bush. It was almost – it just seemed like she was going to really look to impeach Bush and get him out of office, which personally I think would’ve been a wonderful thing,” Trump told Blitzer in the interview.

Why? For lying us into Iraq. They went after Clinton for nonsense he said. Should have impeached Bush for lying us into Iraq.

I guess Trump isn't lying. He did in the beginning but now admits up front, it's for the oil. So I guess he's not lying us into this one. And today Presidents are above the law so he can do whatever he wants if he thinks in his demented mind it's a good idea. God help us.

Unintended consequences. I truly wish him the best. And if he goes after Kim Jong Un and Iran leaders next, I wish him the best. I guess we are nation building in 2026. Got to get those poll numbers up and distract from the Trumpflation.

 

[Zavulon]

Trump, decreasing oil prices for China and forcing American oil companies pay for it? Funny, if this is possible. It will be looking even worse, that Biden, selling oil from American national reserve to China.

 

[kyzr]

Trump, decreasing oil prices for China and forcing American oil companies pay for it? Funny, if this is possible. It will be looking even worse, that Biden, selling oil from American national reserve to China.

Trump is not reducing oil prices just for China, but for the US, and most importantly for Russia.

 

[Litwin]

I wonder what country is next. Iran seems most likely.

I’m 99% sure it will be the Moscow empire. The Iranian empire is meddling only in MENA, while the Moscow empire is messing around all over the world. The USA will annex Chukotka, Japan will take all the Kurils and Sakhalin, Canada will get Kamchatka, and Han China will slow down too much (as usual) and collapse in 30–50 years

 

[Zavulon]

Trump is not reducing oil prices just for China, but for the US, and most importantly for Russia.

It's a global market. There is very limited number of ways to decrease prices for one group of customers and increase them for others. And decreasing oil prices for everyone by selling more Venezuela's heavy oil will, first of all, boost Chinese economy, because China is number 1 buyer of Venezuela's oil, and it's plants are designed to use it. If you need boost American economy, you'd better take Canadian oil.

What is even more important, if we are talking about Venezuela's (not Guyana's oil), most of Lake oil fields are exhausted, and the rest, first of all Orinoco bassin oil, demands significant investments and hundreds miles of vulnerable (especially in jungles) pipelines.
In practical terms it means, that Russia can easily hire guys to destroy those pipelines.

 

[kyzr]

It's a global market. There is very limited number of ways to decrease prices for one group of customers and increase them for others. And decreasing oil prices for everyone by selling more Venezuela's heavy oil will, first of all, boost Chinese economy, because China is number 1 buyer of Venezuela's oil, and it's plants are designed to use it. If you need boost American economy, you'd better take Canadian oil.

Oil is a global commodity, if China prefers VZ oil, that frees up other oil for somewhere else, unless OPEC+ cuts production to keep prices higher.

What is even more important, if we are talking about Venezuela's (not Guyana's oil), most of Lake oil fields are exhausted, and the rest, first of all Orinoco basin oil, demands significant investments and hundreds miles of vulnerable (especially in jungles) pipelines.
In practical terms it means, that Russia can easily hire guys to destroy those pipelines.

Yep, industrial espionage is a definite possibility, which is why drones and other methods will need to be employed.

 

[Litwin]

Trump is not reducing oil prices just for China, but for the US, and most importantly for Russia.

What’s your oil price prediction for 2026?

 

[22lcidw]

It's a global market. There is very limited number of ways to decrease prices for one group of customers and increase them for others. And decreasing oil prices for everyone by selling more Venezuela's heavy oil will, first of all, boost Chinese economy, because China is number 1 buyer of Venezuela's oil, and it's plants are designed to use it. If you need boost American economy, you'd better take Canadian oil.

What is even more important, if we are talking about Venezuela's (not Guyana's oil), most of Lake oil fields are exhausted, and the rest, first of all Orinoco bassin oil, demands significant investments and hundreds miles of vulnerable (especially in jungles) pipelines.
In practical terms it means, that Russia can easily hire guys to destroy those pipelines.

It is having a lot of oil options in case of any type of interference in the movement of the product.

 

[Litwin]

So, you can bet oil prices are going to stay low for an extended period if the plan works out.

+1, Is this not (already) below production price?

 

[Litwin]

Trump, decreasing oil prices for China and forcing American oil companies pay for it? Funny, if this is possible. It will be looking even worse, that Biden, selling oil from American national reserve to China.

 

[Zavulon]

Oil is a global commodity, if China prefers VZ oil, that frees up other oil for somewhere else, unless OPEC+ cuts production to keep prices higher.

Or OPEC+ can invest in cuts of production in Venezuela. One thing is to kidnap a President (however good performed it was) and completely different is to protect the massive investments in the country that unstable.

Yep, industrial espionage is a definite possibility, which is why drones and other methods will need to be employed.

And it all money. Big money. And that's why American oil companies are not very happy about investing in peace in Venezuela and American taxpayers are not happy to invest in the war in Venezuela.

 

[Zavulon]

May come. If nobody is against it. Or somebody may be against it and spoil the whole thing. This oil is heavy, difficult to drill and difficult to transport.

 

[BluesLegend]

Pretty sure Venezuela is tired of being broke as F so some oil is gonna get pumped. With the biggest reserves on the planet, estimated at 300 BILLION barrels the poor Dem climate changers are going to shit themselves.