CleanTechnica•9 days ago
Why Venezuela’s Oil Won’t Matter and Why Heavy Crude Is First Off the Market
- •The article dismisses the notion that Venezuelan oil will significantly impact global oil markets or the pace of decarbonization, even with geopolitical shifts.
- •It posits that heavy crude, like Venezuela's, will be among the first fossil fuels to become economically unviable or phased out due to decarbonization efforts and market dynamics.
- •This perspective reinforces the long-term trend towards cleaner energy sources and away from high-carbon intensity fuels, signaling continued policy and market pressure for renewables and other low-carbon solutions.
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