EPRINC Research Director Max Pyziur was quoted in The Observer’s analysis of recent U.S. actions in Venezuela and their limited impact on global oil markets.
In the article, Pyziur assessed the investment climate for U.S. oil companies in Venezuela, stating: “The attractiveness of pursuing investment in Venezuela from a political-legal framework, as well as from a commercial framework, right now is far diminished, if it is there at all. It’s a bearish scenario.”
The piece examines the challenges facing any potential revitalization of Venezuela’s oil industry, including the deteriorated infrastructure, uncertain political framework, and current low oil prices that reduce incentives for major capital investment. Despite President Trump’s ambitions for U.S. oil companies to invest billions in rebuilding Venezuelan oil production, experts note it could take over a decade and $100 billion to restore production to previous levels.
The full article is available at The Observer.