90🚨 BURIED IN THE WEST⚡ EDGE 78ENERGY
Under the radar. The 100-year term and direct displacement of Chinese/Russian interests in a major US-led deal for Venezuelan oil is under-reported in Western mainstream media relative to its geopolitical significance.
⚡ Markets: Long-term bearish pressure on oil prices if Venezuelan production can be successfully ramped up. Bullish for US energy security and companies involved in the deal. Negative for Russian and Chinese energy interests in the region.WTIChevronONGCPDVSA
The White House has detailed a deal giving North American Blue Energy Partners (NABEP), a private company owned by Venezuelan businessman Alejandro Betancourt, a century-long concession to operate 17 Venezuelan oil fields in a joint venture with the US government. The move, which displaces Chinese and Russian operators, is framed as securing energy resources, while China has called for its interests to be protected.
West MSM 5Financial press 2Google West 1Non-West State 2Google Non-West 1Regional 2Non-West Ind. 18 countries
14 sources across the spectrum