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Venezuela holds 70% of Latin America's natural gas reserves, which it could export to Colombia and Trinidad to increase revenues.
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Op-eds & Essays by , , • November 17, 2015
The U.S. energy trade has been in the news often recently, with questions such as whether industry will be allowed to send oil overseas or import it via a certain pipeline from Canada. Seemingly forgotten is the historic milestone that will occur early next year when a tanker for the first time ever sets sail from the U.S. lower 48 to deliver liquefied natural gas (LNG) to the global market. Supporters will tout the economic benefits, while opponents will revisit concerns about environmental and manufacturing impacts. Lost in this rhetorical battle is the view from overseas, and the significant geopolitical impacts that U.S. LNG will have.
Venezuela holds 70% of Latin America's natural gas reserves, which it could export to Colombia and Trinidad to increase revenues.
The US intervention in Venezuela may jeopardize both the flow of discounted Venezuelan oil to China's teapot refineries and the role of Chinese oil companies in Venezuela’s upstream business.
In discussing the dramatic seizure of Venezuelan President Nicolás Maduro and his wife, Cilia Flores, over the weekend, President Donald Trump declared that the United States would now “take back” the country’s oil. Yet he has offered little clarity on what exactly this means.
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Op-eds & Essays by , , • November 17, 2015