Escalating tensions between the United States and Venezuela could lead to profound changes in the oil industry of the world’s largest crude resource holder. Any regime change of President Nicolas Maduro could be a game-changer for oil production in Venezuela, U.S. access to Venezuela’s heavy crude fit for U.S. Gulf Coast refineries, and America’s influence in the Western Hemisphere and Latin America. Although it’s not certain that U.S. President Donald Trump would necessarily pursue regime change or an incursion of some…
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