Wetin dey happen for Venezuela na wah! President Trump don finally carry action enter the matter as he don capture their president, Nicolás Maduro, for military raid wey happen last Saturday. E no be small wahala, as this capture fit change de oil market for the whole world!
Trump don talk say once dem fit remove Maduro, American oil companies go rush come enter Venezuela to open the oil market wey dey serve the country. According to am, Venezuela get one of di largest oil reserves for di whole world, about 300 billion barrels dey there wahala free!
Before this action wey happen, Venezuela dey produce small oil, lik 1 million barrels a day, no fit reach 1% of global output. This one na real wahala as dem dey lag behind other top oil producers like Saudi Arabia wey dey pump out 10 to 12 million barrels daily. Trump talk say Venezuela oil industry dey badly broken, but with American cash and expertise, dem go fix am sharp sharp.
Dem talk say to bring Venezuela oil production back to how e dey during 90s go require over $8 billion investment. This money fit help make dem restore dem infrastructure wey dey decay due to sanctions and bad management by di Maduro government. We go see how this level go take happen as e get plenty political wahala wey dey ground.
Now, China no go fold hand as dem don quickly respond to di capture, saying America dey do wetin go violate international law. Di Chinese no wan see Venezuelan oil market controlled by di U.S. So we no even fit know wetin go happen next, as di tension fit carry small wahala come between dem and America.
Chevron na di only American company wey dey work for Venezuela right now, dem fit benefit well well if Trump plan to bring more American companies enter come true. For now, we go dey watch Nigeria’s own oil matters and see if dis new development go mean anything for us.
Oil analysts dey talk say with di way things dey go, we fit see small bump in oil prices especially as U.S. energy prices start to balance. But how Venezuela go take manage all dis na still question mark. It fit take at least 10 years and over $100 billion to fully restore oil production to historical levels.
The next few months go determine how this whole saga go play out. Will America fit control di situation without making di matter worse? Only time go tell, my people.
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