Stephen Schork, principal and editor at The Schork Group, discusses the Trump administration’s plans to take majority ownership of more than 65 billion barrels of Venezuela’s oil reserves. He also looks at refining capacity in the US and the levels of the strategic oil preserve.
Source: [Bloomberg Markets](https://www.bloomberg.com/news/videos/2026-09-02/venezuelan-oil-replenishing-spr-a-pure-fantasy-schork-video)