Doomberg Sees Hundreds of Billions Flowing Into Venezuela’s Oil Sector

Doomberg is the pseudonymous voice of an independent publication and newsletter focused on energy, finance, and geopolitics. 👉 Doomberg: https://newsletter.doomberg.com 👉 Premium Episode: https://stevebarton.substack.com/p/doomberg-follow-the-volume-not-the?r=1un5br&utm_campaign=post-expanded-share&utm_medium=web Recorded September 1, 2026. In this episode, Doomberg joins me to break down what the oil market is really telling investors amid turmoil in the Middle East, diesel concerns, and shifting global energy flows. We start with crack spreads and why the difference between crude oil costs and the value of refined products is essential to understanding refinery profitability. Doomberg explains why oil futures can provide a higher-quality market signal than equities, why delivery and contract expiration enforce discipline in crude markets, and why the failure of oil to reach the predicted $150 to $200 range during the Iran conflict forced Doomberg’s team to reassess its expectations. We then turn to Venezuela, where Doomberg says production had recovered to roughly 1.1 million barrels per day by July and argues that the country could eventually return to the roughly 4 million barrels per day it once produced. We discuss Guyana’s embrace of Exxon, the potential role of Chevron and other supermajors in Venezuela, the advantages of blending Venezuelan heavy crude with lighter Permian hydrocarbons, and Doomberg’s expectation that substantial outside capital could accelerate the country’s oil-sector revival. We also examine Greenland, Saudi Aramco, the Strategic Petroleum Reserve, diesel exports, and oil flows through the Strait of Hormuz. Doomberg’s key message is that investors should pay attention to price signals coming directly from sophisticated oil markets rather than assume geopolitical headlines dictate prices. With Brent trading in the $80s during our discussion, Doomberg argues that enough oil is reaching the global market to prevent a sustained shortage. He says $200 oil remains unlikely unless an extreme event—such as the destruction of Saudi oil and gas infrastructure—dramatically changes the supply picture. Key Insights in This Episode ✅ Crack spreads reveal refinery economics and whether the bottleneck is crude supply or refining capacity. ✅ Doomberg argues oil futures provide unusually valuable signals because contracts face delivery and expiration. ✅ $200 oil is unlikely in Doomberg’s view without a catastrophic disruption to Saudi oil and gas infrastructure. ✅ Venezuela once produced roughly 4 million barrels per day and was already back near 1.1 million by July. ✅ Doomberg expects major outside capital and companies such as Chevron to pursue Venezuela’s oil-sector revival. ✅ America’s SPR matters less domestically, according to Doomberg, because the U.S. has become an energy superpower and net energy exporter. Affiliates /Tools for Success that I Love and find Helpful: Technical Analysis Series https://stevebarton.gumroad.com/l/TechnicalAnalysisforBeginners Battle Bank: https://battlebank.com/high-yield-cash-account/?refid=10040 Rule Symposium 2026 https://cvent.me/XOqdLa?via=inittowinit Rule Classroom (Free) https://ruleclassroom.com/share/-ztDnefsS5h6MTkD?utm_source=manual Rule Classroom Plus (2 Free Months) https://ruleclassroom.com/share/--qqlFVftepbST8a?utm_source=manual TradingView (Free) https://www.tradingview.com/?aff_id=128305 Lobo's Weekly Recap (Free) https://independentspeculator.com/services/speculators-digest?ref=stevebartonmoney%40gmail.com Uranium Insider Newsletter https://members.uraniuminsider.com/a/41334/hfFkvWuq Chapters 00:00 Welcome Back Doomberg 00:19 Diesel And Crack Spreads 04:09 Why Oil Futures Matter 09:26 How Refiners Make Money 13:20 Why One Person Cannot Control Oil 14:48 Greenland Oil And Geopolitics 16:57 Venezuela’s 4 Million Barrel Opportunity 21:35 The Venezuela Investment Structure 24:31 Strategic Petroleum Reserve And Hormuz 27:41 What Oil Futures Are Signaling 28:38 Premium Canada Tariffs And Energy DISCLAIMER: Steve Barton and In It to Win It are not registered investment advisers or broker-dealers. This is general, impersonal education and opinion—not individualized financial advice. Stocks, price levels, position sizes, and personal trades are not instructions to act. Investing involves risk, including total loss. I may own and trade securities discussed. Any issuer compensation, sponsored travel, or affiliate relationship will be disclosed. Information may change without notice. Do your own due diligence and consult a licensed professional. Past performance does not guarantee future results. #InItToWinIt #SteveBarton #Doomberg #Oil #CrudeOil #Diesel #Energy #OilPrices #Venezuela #Chevron #Exxon #SaudiAramco #StraitOfHormuz #Iran #CrackSpreads #EnergyInvesting #Commodities #Geopolitics #StrategicPetroleumReserve #PermianBasin