Venezuela oil stake is a long-term, not short-term, play
The host argued the U.S. government's 35% stake in a Venezuelan oil venture is years away from having any impact on oil prices, with potential only in the long term.
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The Callback
Persian Gulf risk drives long-term oil bypass
32 weeks between these two statements.
The guest argued that the idea of a near-term flood of Venezuelan oil is a fallacy, with incremental barrels unlikely in the next 12-24 months due to massive infrastructure and political hurdles.
The host argued the U.S. government's 35% stake in a Venezuelan oil venture is years away from having any impact on oil prices, with potential only in the long term.