# Can Venezuela Rescue the Oil Market?

https://mins.news/en/video/55787

- Bloomberg Television, 2026-09-12 12:00 UTC
- Economy
- Original: https://www.youtube.com/watch?v=AHZOCWgdAeA

> Venezuela holds some of the world’s largest oil reserves and could eventually produce much more than it does now. Columbia University’s Luisa Palacios says rebuilding the industry would take years, require up to $150 billion in investment and depend on restoring trust after decades of contract changes, expropriations and infrastructure deterioration.

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