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Oil prices need to be at $80 to avoid losses! Trump's Venezuela oil plan faces "cost challenges"
According to estimates by Wood Mackenzie, the breakeven cost for major oil types in Venezuela's Orinoco Belt exceeds $80 per barrel, significantly higher than the approximately $55 level for Canadian heavy oil, raising doubts about economic viability. Additionally, restoring Venezuela's peak production capacity will require large U.S. oil companies to invest $10 billion annually over the next decade, totaling $100 billion. Coupled with historical precedents of oilfield assets being expropriated, major oil companies generally adopt a cautious attitude towards returning to Venezuela
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