What a U.S. Invasion of Venezuela Would Mean for Global Oil Prices

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The risks surrounding Venezuela, the world’s largest oil and gas reserves holder, are clearly skyrocketing. With Venezuela’s president, Maduro, calling upon Russia, China, and Iran to assist in a possible military confrontation with the USA, global oil and gas markets are growing increasingly nervous about a potential conflict. The ongoing military buildup by the Trump Administration around Venezuela, officially set up to confront the country’s perceived pivotal role in the international drug trade, almost looks like the so-called…