Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

General Discussion

Showing Original Post only (View all)

MrWowWow

(1,461 posts)
Fri Sep 26, 2025, 08:51 PM Sep 26

What's U.S. Oil Doing in the Ground in Venezuela? [View all]

Seems like a rerun of some past reichwingNut illogic to justify a pre-emptive attack on Iraq.
.
As of 2023, Venezuela holds approximately 303 billion barrels of proven crude oil reserves, making it the country with the largest proven reserves in the world.

These reserves account for about 17 % of global proven oil reserves.

Much of Venezuela’s oil is extra-heavy crude (very dense, high viscosity, often with high sulfur content), which makes extraction, upgrading, and transport more technically challenging and costly.

The Orinoco Oil Belt (Faja Petrolífera del Orinoco) is central: it contains a large share of the country’s heavy oil reserves.

The U.S. Geological Survey (USGS) estimates that, besides the proven reserves, the Orinoco belt may have 900–1,400 billion barrels of heavy crude in place, of which 380–652 billion barrels could be technically recoverable (i.e. with existing technology, irrespective of economics).

3 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Latest Discussions»General Discussion»What's U.S. Oil Doing in ...