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Based on the Venezuela situation, firmly go long on oil
Venezuela is expected to surpass Saudi Arabia's production within the next 10 years, provided that the US and the global oil service industry are allowed to develop this treasure trove.
The US has already pushed shale oil production to 9.8 million barrels per day, while Venezuela currently produces only 900,000 barrels per day.
If within 18 months, production is ramped up to 1.5 million barrels and aims to reach Saudi-level output in the next decade, the results will be:
Massive tax revenues, high-paying jobs, and explosive growth across the entire industry chain from oil services and construction to catering and entertainment.
Meanwhile, oil prices won't wait for ships to actually set sail—they are already being led by the "paper barrels" market, with expectations and prices moving ahead.
In 2018, just a few words from Trump about Iran sanctions exemptions caused Brent crude to plummet from $90 to $55 without any actual supply surge.
What truly determines oil prices is never how much oil is underground now, but how much the market believes will be produced in the future.