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duckworth969

(1,091 posts)

28. Seize now, refine and sell later (and there's Coltan too)

Sat Dec 13, 2025, 02:08 PM

Saturday

I think having control of the Orinoco Belt Reserve is more the point than its immediate production.

Similar to the Arctic region, it’s who stakes the claim on the resource first.

You’re right that production capacity in Venezuela is piss poor and it’s oil of little consequence on the international market.

For now.

It will take billions of dollars in upgrades and time to put that all in place to get any payoff on those oil fields.

Plus, Venezuela has Coltan. A highly valued rare earth mineral used in weaponry and high tech manufacturing.

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