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TOPICAL: On the first show after Nicolas Maduro’s extradition, Nick analyzes the effect of America controlling Venezuelan oil: even if Venezuela ramps to 1.5 million barrels a day it will not move the global oil price, and it is not a lot of oil for the United States. The... show more
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![“The [oil] grade that Venezuela produces is exactly the grade that the United States needs," argues Natasha Kaneva, managing director for global oil and commodities research at JP Morgan Chase & Co. in a recent conversation on commodity markets. "70% of the Gulf Coast refining capacity is built to take Venezuelan oil. It’s heavy crude. That’s exactly what we need. So if you look at that and you say, ‘OK, actually, it makes a lot of sense for us, one way or another, to get involved in Venezuela,’” Kaneva says. Watch the full conversation:](https://image.24vids.com/tw-2019091980144279786/media/HAVBcFnWEAAfgyq.jpg)