Kevin Crowley
speaker
11 appearances
1 recordings
1 series
first heard Jan 2026
last heard 8 Jan
Kevin Crowley’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Jan 2026 with 1.
Appearances
Producing oil in Venezuela is incredibly difficult.
There was a report out this week saying that $53 billion of investment would be needed over the next 15 years just to keep Venezuelan production flat at around 1.1 million barrels per day.
That's a huge sum of money, especially when you consider the political risk that these companies would be taking on.
They need some kind of assurance that if they make these investments, those investments will be protected long after the Trump administration leaves office.
I mean, if a company commits a billion dollars today, that could take a decade or more to pay out.
And they absolutely do not want to be nationalized again.
Bottom line is these are some of the world's largest oil reserves.
And if you look at other countries around the world with large reserves, Saudi Arabia, Russia, Iran, they're all run by national oil companies.
They're effectively off limits to the Western oil majors.
Venezuela used to be part of this group, but that all changed on Saturday morning.
So if you were an oil CEO and you were looking at production going out to the 2030s, the 2040s, Venezuela is now one of the countries that you're certainly going to be looking at.
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