venezuela wasn’t about oil.
behind all of the political theatre are three important things:
- critical minerals
- countering adversaries
- confirmation that the post-1971 dollar is dead
going liv...
It’s a bit about oil. Venezuela sits on one of the only sources of asphalt that the Chinese can access cheaply. Not all barrels of oil are built the same and Venezuela crude is perfect for making asphalt. China’s infrastructure build outs are dependent on crude from Venezuela.