U.S. could gain control of a major share of Venezuela's oil reserves
The United States could soon control 20% of Venezuela's oil reserves, while Canada's oil industry reportedly sees limited concern. A transfer of control has not been established.
By DoomRadar · Published on DoomRadar .
Why it matters
Potential U.S. control over a large share of Venezuelan oil could reshape sanctions, energy markets and regional geopolitics.
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- The U.S. could soon control 20% of Venezuela's oil reserves. Canada's oilpatch isn't worried ↗peakoil.com · Recorded source date: Sep 13, 2026, 5:16 AM UTC
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