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Venezuelan Oil Replenishing US SPR a ‘Pure Fantasy,’ Says Stephen Schork

Bloomberg Markets Wednesday 02 September 2026, 12:49 UTC 1 min read
Key Points

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.

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)
Venezuelan (ORG) Stephen Schork Stephen Schork (PERSON) The Schork Group (ORG) Trump (ORG) Venezuela (LOCATION) US (LOCATION) Bloomberg (PERSON)
Originally published by Bloomberg Markets Read original →

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