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Former Chevron Executive: Venezuela's Oil Opportunity Comes With a Major Catch
Source: 247wallst.com
Energy Markets & PricesGeopolitics & WarSanctions & Export ControlsTrade Policy & Supply Chain
A former Chevron Latin America president, Moshiri, is backing a potential U.S. stake in Venezuelan oil, arguing the oil supply would help reduce exposure to major shipping chokepoints such as Hormuz, the Red Sea, and the Black Sea. The claim is positioned as a supply-chain and geopolitical hedge rather than a quantified near-term production or pricing catalyst.
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