2026-01-09 09:00:32

Venezuela sits on massive oil reserves—around 300 billion barrels—yet only manages to pump roughly 1 million barrels daily. It's a striking gap. Political shifts are creating expectations that production could finally ramp up. The question everyone's asking: will these policy changes actually translate into real output growth, or will structural challenges remain too steep to overcome? Worth watching how energy markets react to any production shifts.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

9 Likes

Reward
9
6
Repost
Share

Comment

0/400

ProofOfNothing

· 01-09 09:28

Basically, the thing with Venezuela has long been understood. No matter how policies are adjusted, they can't overcome the poor infrastructure. No matter how much potential there is, it's all in vain.

View OriginalReply0

ShadowStaker

· 01-09 09:28

ngl the structural issues in venezuela's oil sector run way deeper than policy shuffles can fix... it's not just about political will, the infrastructure decay is legit brutal. seen this movie before—expectations get priced in, reality disappoints, then what? energy markets will probably front-run the narrative before actual barrels hit the market tbh

Reply0

OnchainFortuneTeller

· 01-09 09:27

Well... Regarding Venezuela, they have 30 billion barrels of oil but can only produce one million barrels per day. The gap is ridiculously large, just a pure waste. What can change with policy? The root is rotten, and nothing can be saved. In the energy market, this game still depends on how much can be produced in the future to count.

View OriginalReply0

ConfusedWhale

· 01-09 09:27

This thing in Venezuela... to put it nicely, it's a "potential stock," and to put it bluntly, it's a waste of resources. Can production be increased just because policies changed? I doubt it; structural issues can't be solved just by changing officials. The energy market will only believe it when the data actually shows it.

View OriginalReply0

LuckyBearDrawer

· 01-09 09:18

Wait, Venezuela has 300 million barrels of oil but only produces 1 million barrels? This number is outrageous, it feels like it's rotten underground.

View OriginalReply0

SerumSquirrel

· 01-09 09:09

Well... to be honest, extracting only 1 million barrels per day out of 30 billion barrels, how hopeless is that gap... Can relying solely on policy adjustments really turn things around? I remain skeptical.

View OriginalReply0