With "Operation Epic Fury" underway and Iran blocking off the Strait of Hormuz, oil prices have skyrocketed for many countries, but China could stand to benefit. Gordon Chang, a senior fellow with Gatestone Institute joins "NewsNation Live" to discuss. Get a fast-paced look at the latest from the border to Main Street to the White House on "NewsNation Live." Weekends starting at 10a/9C Saturdays and 11a/10C Sundays. #NewsNationLive NewsNation is your source for fact-based, unbiased news for all Americans.
The South American country has natural gas that could be extracted and exported quickly, but U.S. sanctions, which are now being eased, have stymied development.
Project Vault, as it's called, would store critical minerals in the way the Strategic Petroleum Reserve stores crude oil. However, the economics of mineral commodities are different in some ways from those of crude oil.
The U.S. claim on Venezuela’s oil means even more of it could come to a huge Chevron refinery. Neighbors worried about pollution want the company to buy their homes.
