Tait Duryea and the Turbine Capital team welcome W. Schreiner Parker of Rystad Energy for a grounded, data-driven look at Venezuela, global oil supply, and what energy investors should actually be paying attention to. This episode cuts through media hype to explain why Venezuela’s production recovery is far slower and more capital-intensive than headlines suggest, how OPEC and geopolitics really influence pricing, and why oil and gas remain a long-term allocation rather than a short-term trade. A must-listen for pilots and high-income investors navigating volatility with perspective.

Show notes:
(00:00) Venezuela market overview
(03:22) Why this isn’t a supply shock
(05:41) Capital required to restore production
(07:54) Why majors avoid Venezuela
(11:02) Short-term oil oversupply outlook
(11:48) Long-term bull case for oil
(18:12) Venezuela and OPEC membership
(23:20) True reserves vs. headline numbers
(26:15) LNG, AI, and natural gas demand
(34:09) How oil investments create value

Turbine Capital Private Podcast:
Spotify: https://open.spotify.com/show/0IWgXJwFJY1Xiw13SfuCnZ?si=87be61dfe5fb415d
Apple: https://podcasts.apple.com/us/podcast/turbine-capital-private-podcast/id1831346026

If you have any questions, please feel free to email [email protected].

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